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Looking Ahead: How Travel Managers Can Navigate 2025 Hotel RFP Season

In this feature series, GBTA’s Board of Directors share their views on topics that matter most to members, the industry, and the way forward for business travel. Today’s guest author is GBTA Board member Elizabeth (Liz) Oliveira, Global Travel Manager at OMERS.  Are you immersed in the Hotel RFP season like me? It’s a very busy…

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Business Travel Industry Reflects on a Resilient 2024, Sets Optimistic Plans for Growth, Technology and Sustainability in 2025 

New GBTA research highlights strong global optimism, increased budgets and shifting travel patterns across regions as companies navigate the future  As 2024 draws to a close, there is strong sentiment from the global business travel industry that the year outperformed expectations, paving the way for increased budgets, strategic investments and growth initiatives for 2025. This…

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European Business Travel Spending to Hit $391.1 Billion USD (360.4 Billion euros) in 2024, Reflecting Strong Growth Amid Economic Challenges 

Spending to reach $517.2 billion (476.6 billion euros) in Europe by 2028, with growth outpacing most global regions except Asia Pacific, according to new regional data from GBTA  European business travel spending is projected to reach $391.1 billion USD (360.4 billion euros) in 2024, reflecting a 10.4% increase from 2023. Additionally for this year, Europe…

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Women are Well Represented in the Business Travel Industry but Glass Ceiling Remains

New GBTA data reveals women’s expanding influence as business travelers and industry professionals, but with a persistent gender gap in senior leadership roles Women professionals are prominent throughout the business travel industry, but GBTA research suggests there are still gaps in gender equity as they are still less likely to be in senior executive positions…

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Future of Business Travel to Be Shaped by Demographic Shifts and Global Volatility by 2040

CWT and GBTA release special supplement report titled “2040: Baseline, Boom, or Bust” offering a comprehensive analysis of factors that will shape corporate travel strategies and business travel’s future The business travel industry is on the cusp of a major transformation, driven by a convergence of technological advancements, evolving sustainability requirements, and shifting demographic trends. To commemorate…

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Corporate Traveler and GBTA Release Market Research and Trends Report, Comprehensive Study Examining the SME Business Travel Landscape in the U.S.

Traveler safety revealed as the top priority for business travelers, while rising travel costs serve as the biggest pain point, according to new report analyzing the small and midsize enterprise (SME) travel industry Corporate Traveler, the flagship SME corporate travel division of Flight Centre Travel Group, and the Global Business Travel Association (GBTA), the world’s…

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Global Business Travel and Events Costs Moderating in 2024, with Continued Modest Increases in 2025

Latest research from CWT and GBTA reveals that while costs will continue to rise, the pace of these increases will be notably slower through 2024 and into 2025 Global business travel and events prices appear to be moderating following the dramatic increases seen in recent years. The 2025 Global Business Travel Forecast, published today by…

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Safety, Sustainability and Cost Drive Today’s Business Travel Ground Transportation Strategies, According to New Research

GBTA and the National Limousine Association explore how corporate travel programs manage and maintain ground transportation policies The wheels are constantly turning when it comes to ground transportation as part of a company’s business travel program. Now it’s becoming increasingly important for travel managers to think strategically when implementing effective policies and processes that reduce…

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Corporate Travel Industry Must Embrace Emerging Technology to Remain Competitive and Accelerate Growth According to New Research from GBTA and Cvent

Report outlines the importance of technology in the business travel industry as a disruptor and enabler with artificial intelligence and blockchain at the top of the emerging technology list The time for technology to transform, disrupt and accelerate business travel growth is here – according to a new study, “The Future is Now: Technological Transformation…

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Global Business Travel Industry Spending Expected to Hit Record $1.48 Trillion in 2024

Boosted by economic stability, pent-up demand and recovery momentum, spending is projected to surpass $2 trillion by 2028 according to the latest GBTA Business Travel Index Report  The business travel industry has proven itself resilient as it leaves the global pandemic behind and moves into a new era of post-pandemic stabilization. The forecast for 2024…