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Business Travel Spending

U.S. Business Travel Spending Hits $424B in 2016

A new report by the Global Business Travel Association (GBTA) Foundation found that U.S. businesses spent $424 billion to send travelers out on the road for 514.4 million domestic business trips in 2016.

Trump’s Travel Ban Jeopardizes International Business Travel

In the week following Trump’s travel ban, approximately $185 million in business travel bookings were lost as the uncertainty surrounding travel in general had a rippling effect on traveler confidence, according to the GBTA Foundation's latest business travel forecast.

Global Business Travel Spending to Reach $1.3 Trillion

According to a new report by the Global Business Travel Association (GBTA) Foundation, global business travel spending is predicted to reach $1.3 trillion in 2016. In 2015, it topped $1.2 trillion, a growth of 5% from 2014.

U.S. Business Travel Spending Slows in 2015

Although U.S. business travel spending will increase by 3.1% in 2015, the global oil price collapse and economic weakness in China, Russia and the Middle East will reduce the outlook for growth in 2015 and 2016, according to a Global Business Travel Association report.

China Leads Global Business Travel Spending

In the next five years, China business travel will increase by 61% (from $261 billion in 2014 to $420 billion in 2019). Asia Pacific owns the largest share of the business travel spend market with 39%, followed by North America with 27%.