…far surpassing some of the increases outlined in last year’s forecast. Lingering economic uncertainty and a gradual easing of supply-side constraints are expected to result in more subdued price increases…
…percent) from Q3 to Q4 going from 95.1 to 101.1, surpassing even the baseline of 100 established in Q1. The survey also revealed that satisfaction with completing expense reports is…
…business travel market remains one of the fastest growing in the world,” said Michael W. McCormick, GBTA executive director and COO. “China surpassing the United States in business travel spending…
…for the Brazilian carrier increased by 10% and 30%, respectively, compared to the same periods in 2019. In March, the growth was even more significant, surpassing by 60% its pre-pandemic…
…McCormick said, “America’s economy can’t grow without a reliable system supporting business travel. U.S. business travel spending is expected to reach more than $273 billion this year, finally surpassing pre-recession…
…this year, finally surpassing pre-recession levels. But a government shutdown will have rippling effects through the economy and severely impact the business travel industry. Every business trip cancelled results in…
…driver of the global economy. Finally surpassing pre-recession levels, U.S. business travel spending is expected to reach $273 billion this year. The shutdown, however, is damaging productivity and leading to…
…immigration bans, sanctions, electronics bans and geopolitical tensions. The Annual Rankings For the second straight year in 2016, China topped the charts, surpassing the United States as the largest business…
…Gap As travel and tourism roars back to life, and in some markets surpassing pre-pandemic levels, the biggest challenge facing many in the sector is meeting staffing demands to fully…
…to $488, following a meteoric post-pandemic rise the year before. Demand for flights remains strong globally. A record 5 billion air passengers are expected in 2024, according to IATA, surpassing…
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