This morning we released findings from GBTA’s BTI™ Outlook semi-annual forecast reports on Brazil, China, India and Russia, sponsored by Visa, Inc. Our VP of research, Joe Bates, is also presenting the results this week at ITB Asia in Singapore. In the latest round of forecasts, we found the BRICs are no longer acting as…
Today, GBTA released our third quarter outlook for U.S. business travel, and it clearly shows the effects caused by an uncertain global economic environment. U.S. business travel spending will increase by 3.1 percent in 2015 and 3.7 percent in 2016. While this is still positive growth, it is down from our July projections of increased…
When the GBTA Foundation released its annual global report and business travel forecast this July,sponsored by Visa, Inc., it highlighted five countries in a segment of newly emerging markets often overlooked because they aren’t as large as the traditional powers or the more commonly discussed BRIC markets. The five countries called out: Indonesia, Malaysia, Mexico,…
Recently, the first ever GBTA Global Business Traveler Sentiment Index™ in partnership with American Express revealed how business travelers across the globe feel about their travel experience and how those feelings affect their actual behaviors related to travel. A key finding of the study revealed travelers are optimistic about the health of their industry, though…
Earlier this week the GBTA Foundation released its latest quarterly forecast for business travel in the United States. Here are the key stats you need to know: U.S. business travel spending will increase by 4.9 percent in 2015 to $302.7 billion and the 2016 outlook anticipates a surge in economic activity and confidence leading to…
Earlier this week, GBTA released our latest outlook for business travel in the United States. Our forecast shows business travel spending will increase by nearly 5 percent in 2015 to $302.7 billion, yet ongoing concerns about the U.S. economy are reining-in what could be even sharper growth. Global business travel both drives, and is driven,…
It was a busy week for business travel news! On Monday, U.S. News & World Report wrote the U.S. Senate overwhelmingly confirmed Coast Guard Vice Adm. Peter Neffenger as the new leader for the Transportation Security Administration (TSA) by a vote of 81-1. GBTA urged the new TSA administrator to conduct a top-to-bottom independent review…
The eyes of the world are now on Greece, watching and waiting to see if it will accept the terms of a third bailout, and ultimately whether it will leave the Eurozone. The more fundamental question, however, is what impact the Greek crisis will have on the larger European Economy? One way to gain insight…
The Spanish economy was one of the most challenged in Western Europe from 2011 through 2013 as it battled high levels of public debt, soaring unemployment and stagnating economic growth. The latest GBTA business travel forecast for Western Europe shows a surprising turnaround for the country however. Spain has exhibited a remarkable economic turnaround driven…
Poor economic prospects continue to take their toll on the Italian business travel market according to the recent GBTA Foundation Western Europe business travel forecast. Italy’s labour and markets continue to lack the structural and political reforms necessary for getting the economy back on its feet. Spending on business travel in Italy only grew 1.3…
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