The GBTA Foundation released its latest quarterly U.S. business travel forecast today and trip volume is on the rise. While we lowered our forecast for business travel spending from last quarter because the costs of travel are falling and are now expecting 3.1 percent spending growth to $295.7 billion, we increased the forecast for person-trip volume…
Skift interviewed GBTA’s Mike McCormick this week about the potential hit to the economy if the DHS funding bill doesn’t pass. “It means longer lines, disruption, and a risk of business travelers canceling trips,” McCormick said. Associations Now also weighed in on the potential for dire effects of a Homeland Security shutdown. GBTA often talks…
*Last Updated: March 3, 2015 at 11:50am GBTA has been talking for weeks about the serious, unintended consequences on business travel if the Department of Homeland Security (DHS) funding bill fails to pass leading to a shutdown. Absent a full year funding bill, business travel can easily be disrupted, causing an immediate impact on our…
The looming threat of a Department of Homeland Security (DHS) shutdown dominated the news this week – so much so that GBTA created an entire blog post devoted to a round-up of coverage on just this. Check out the latest news here. Also this week, The Hill reported that Department of Transportation Secretary Anthony Foxx…
*This post was originally sent as an email to GBTA members.* Last Friday, just hours before a midnight funding deadline for the Department of Homeland Security (DHS) was set to expire, Congress passed a bill that provided one more week of funding for DHS while legislators will yet again attempt to pass a short-term funding…
This afternoon the House passed a bill to fully fund the Department of Homeland Security (DHS) for the rest of the fiscal year. This comes after Congress could not come to an agreement last week instead passing a one-week extension to keep DHS funded just hours before the deadline where funding would expires. The hotly…
*This post originally appeared as a ‘letter from Mike’ in Global Business Travel magazine volume three, issue one.* Not too long ago, business travel was largely limited to certain parts of the world. Now, business travelers regularly venture to dozens of countries on six different continents. The past 15 years alone have seen explosive growth…
GBTA began this week just as last week ended – advocating for Congress to pass a bill fully funding the Department of Homeland Security (DHS). GBTA’s Mike McCormick spoke with Joe Sharkey of The New York Times about how the funding standoff creates uncertainty for the business travel industry, which directly impacts the economy. USA…
Business travel is hard—and expensive—enough. States and local governments shouldn’t make it even harder and more expensive by adding unnecessary taxes on car rentals. But that is exactly what many such governments are doing, and business travelers from companies of all sizes are paying the price, along with automakers, consumers and insurers. It’s time for…
GBTA released its latest business travel forecast for China today as part of a semi-annual series. Sponsored by Visa Inc., the report relates unfolding economic events at home and abroad to their resulting impacts on China’s business travel market. Here are the top five takeaways: China continued its so-called “soft landing” during the second half…
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