The UK boasts the second highest level of spending on business travel in Western Europe according to a recent forecast from the GBTA Foundation. In 2014 business travel spend in the UK totaled $43.5 billion USD – 5.4 percent growth over the previous year. GBTA expects momentum to continue to build with business travel spending…
GBTA’s recent forecast for business travel in Western Europe shows the French economy continues to have one leg in the northern tier and the other in the southern periphery. Still, business travel spending began to gain momentum in 2013 and continued to advance in 2014, albeit at a modest rate of 2%. After slowing to…
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…
Germany holds its position as the brightest star in the European sky when it comes to business travel as strong economic growth and relatively competitive labour markets continue to propel business travel activity. The GBTA Foundation’s recent business travel forecast for Western Europe showed overall spending on business travel in the country in 2014 finished…
GBTA Conference 2015 Toronto wraps up today after three days of networking, education and discussion on key industry issues and trends. One of today’s highlights was a general session presentation from GBTA’s VP of Research Joe Bates talking about the economic impact of business travel on the Canadian economy. Richard Blackwell of The Globe and…
Today, the GBTA Foundation released its semi-annual business travel forecast for India. The report, sponsored by Visa Inc., showed the continuation of dramatic business travel growth for the region. For the second straight time, we upgraded our forecast projecting India’s total business travel spend to grow 9.8 percent in 2015 and 10.9 percent in 2016…
*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 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…
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