Alexandria, VA (November 2, 2015) – In the first-ever assessment of China’s Meeting, Incentive, Convention, & Exhibition (MICE) market, the GBTA Foundation found a total of 138.5 million domestic trips were taken for MICE purposes and MICE business travelers spent a total of $110 billion USD (¥680 billion CNY) during those trips in 2014. Nearly…
Alexandria, VA (October 29, 2015) – Millennials are nearly twice as likely to want to travel more for business than Baby Boomers (45 percent to 26 percent, respectively), and a strong majority of Millennials (57 percent) believe technology can never replace face-to-face meetings to get business done. Additionally, Millennials are far more likely to rely…
Alexandria, VA (October 22, 2015) – On September 1, the Lufthansa Group implemented a €16 per booking surcharge on travel purchased anywhere other than its websites, service centers and airport ticket counters. A new global survey conducted by Global Business Travel Association (GBTA) and its European partner network shows 42 percent of travel buyers surveyed…
Brazil and Russia Lag Due to Political and Economic Turmoil Singapore (October 21) – China and India business travel will continue to grow at double digit rates over the next two years, a clear indication of the resiliency and strength of both economies. Despite recent economic turmoil, China business travel spending is projected to grow…
Singapore (October 21, 2015) – Business tourism in China and India will develop rapidly (growth rates will be measured in double digits), which is clearly indicated by the stable economic situation of both countries. Despite the recent unrest in the Chinese economy, it is expected that by the end of 2015, the growth of business…
Recently the GBTA Foundation released a study, in partnership with HRS, to better understand the expense reporting process at companies across the globe, to learn about the pain points in the process and to identify areas of opportunity to improve existing practices. One of the key takeaways discovered in the study is the true costs…
London, 15 October 2015 – The Global Business Travel Association (GBTA) – the voice of the global business travel industry – and German business travel buyer association VDR – today announced that Alan Rich, CEO, Chrome River; Bill Glenn, President and CEO, American Express Global Business Travel and Patrick Diemer, Managing Director and Chairman, AirPlus…
ALEXANDRIA, VA – October 14, 2015 – The Global Business Travel Association (GBTA) – Latin America region in conjunction with GBTA Argentina, recently hosted its fourth annual successful GBTA Conference Latin America held at the Buenos Aires Sheraton Hotel & Conference Center October 5 – 7. Over 375 travel professionals from 11 Latin American countries…
Alexandria, VA (October 13, 2015) – U.S. business travel spending will increase by 3.1 percent in 2015 and 3.7 percent in 2016, yet the global oil price collapse and economic weakness in China, Russia and the Middle East dampen the outlook for growth this year and next. These findings are part of the GBTA BTI™…
Alexandria, VA (October 8, 2015) – Nearly half (48 percent) of all U.S. business travelers have used an extended stay accommodation in the past 12 months when traveling internationally for business, according to new research from the GBTA Foundation, the education and research arm of the Global Business Travel Association (GBTA). The study, Extended Stay Accommodations: Awareness,…
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