All of Europe is focused on France this month as the Euro 2016 soccer tournament is underway to select a European champion. The home team has a very good shot of being crowned victors of soccer if not of economic recovery. While the nation’s economy and business travel markets are not out-performing the rest of…
The top ten business travel markets in the world are not static. Indeed, recent GBTA Foundation BTI reports have shown that China has overtaken the United States as the largest business travel market in the world. There is a significant margin between the number one and two markets – China with $291 billion spent on…
Tim Clark, president of Emirates Air, recently expressed concerns about the effects of Brexit on the EU economy, according to The National. Lufthansa’s CEO has also stated that he expects demand for air travel to fall if Britain leaves the bloc. GBTA’s recent Western Europe BTI found that while the ease of travel may be…
With Memorial Day, the unofficial start of summer, right around the corner, all eyes will turn southward to Brazil and the Olympic Games. While everyone hopes that the games are a success for the host country, Brazil’s economy and business travel industry have both gone through the proverbial ringer recently, and the forecast remains markedly…
As we recently announced, China has overtaken the United States as the top business travel market in the world. This was one of the main findings of the recently released GBTA BTI Outlook China 2016 H1 that was sponsored by Visa. While some would see China overtaking the U.S. as positive indicator for the overall…
First announced in 2014, The Gift of Knowledge Initiative was created to implement an innovative and comprehensive program to further develop the travel management profession in China. In 2015, more than 200 individuals were able to participate in the inaugural delivery of workshops in Beijing, Shanghai and Shenzhen bringing travel professionals together to discuss timely…
In 2015, the global economic growth rate grew at its slowest rate since 2009. This stagnant growth had a clear impact on international outbound (IOB) travel from the United States according to GBTA’s BTI 2016 Q1 Outlook, which was sponsored by Visa. For years IOB travel growth was a key driver of the economic recovery…
2016 is off to a slow start for business travel for both group and individual business travel according to GBTA’s BTI Outlook – United States 2016 Q1, which was recently released and sponsored by Visa. The study found there was paltry growth for individual business travel volume, which grew 0.3 percent in 2015 and actually…
While it is pretty much a photo finish, China edged past the United States in total business travel spending at the end of 2015 by a billion U.S. dollars making it the largest business travel market in the world. The two countries finished the year with $291.2 billion in spend compared to $290.2 billion, respectively,…
For Earth Day, airports and airlines are marking the day with environment-focused special events, according to USA Today. In major news this week, the Los Angeles Times covered a recent GBTA Foundation report showing China has surpassed the United States as the global leader in business travel spending. Entrepreneur also reported on the reasons behind…
Today GBTA released our GBTA BTI Outlook – United States 2016 Q1 report, sponsored by Visa, Inc. In the video below, I break down four key headlines from the study.
Every quarter GBTA looks at economic trends and business spending to see where the business travel industry is headed. Our latest report, the BTI™ Outlook – United States 2015 Q4 – finds that U.S. business travel is an island of stability in a sea of global volatility. Overall, the BTI Outlook finds that the U.S. economy…
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