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U.S. Business Travel Spending to Grow Only 0.9%

The Global Business Travel Association (GBTA) Foundation forecasts U.S. business travel spending to grow only 0.9% ($292.5 billion) this year due to factors such as uncertainty leading up to the U.S. presidential election and the surprising vote from the U.K. to leave the EU.

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.

Millennials Want to Travel More for Business

Millennials are nearly twice as likely to want to travel more for business than Baby Boomers (45% to 26%, respectively), according to a Global Business Travel Association (GBTA) report.

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.

Avis Named Most Admired Rental Company

Avis Car Rental received the award for most admired U.S. car rental company in 2015 by readers of The Beat, the BTN Group’s daily travel business e-newsletter.