The GBTA Foundation released a study yesterday in partnership with WWStay, revealing that Millennials (18-34) use extended stay accommodations more than any other group. In the past year, 72 percent of Millennials stayed at one for international business travel. In comparison, only 48 percent of Gen Xers (35-54) and an even smaller 26 percent of Baby…
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…
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…
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…
According to The Hill, Reps. Joe Heck (R-NV) and Mike Quigley (D-IL) have re-filed a measure that is known as the Jobs Originated Through Launching Travel (JOLT) Act that would expand the expand the State Department’s Visa Waiver Program, which currently allows tourists from 38 nations to visit the U.S. without obtaining a visa. The…
This week in business travel news, Cindy Goodman of the Miami Herald writes about navigating the demands of business travel. She highlights the busy lives of several international travelers and cites GBTA data predicting an estimated 5.6 percent increase in international outbound travel from the U.S. as companies deem travel critical to winning new customers,…
We released our latest U.S. quarterly forecast last week and it is filled with positive news! Business travel spending finished out 2013 with better than expected growth and is poised for even greater growth in 2014. There has been a great deal of media interest in this report and I found many reporters asking me…
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