Group Business Travel Spending Exceeds Individual Travel Spend in the United States

GBTA’s recently released quarterly U.S. business travel forecast, GBTA BTI™ Outlook – United States, showed the growth rate for business travel spending in the country is slowing. The study also looked into both group and individual business travel. Individual business travel soared in 2014, growing 6.7 percent, but total spending fell 0.3 percent over the…

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Airfares Drop Due to Plunge in Oil Prices, But Rising Fees Negate Savings

The GBTA Foundation released its quarterly U.S. business travel forecast last week. It included a projection that average airfares have dropped to $379 this year, down from $392. This is a long anticipated drop for consumers due to the collapse in global oil prices. I talked about this phenomenon with Fortune’s Chris Elliott who wrote…

BRICs No Longer a Bloc for Business Travel Growth

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…

U.S. Business Travel Spend Growth Slows in 2015

U.S. Business Travel Spend Growth Slows in 2015

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…

Business Travel Keeps Growing, But Erratic Economic Drivers Limit Growth

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,…

U.S. Business Travel Volume on the Rise

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…

Business Travel Spending Increases Create Continued Economic Optimism

As you may have seen we just released our third quarter business travel forecast on Tuesday. Very much in line with last quarter’s forecast, U.S.-generated business travel spend is expected to increase by 6.8 percent to $292.3 billion in 2014. The forecast showed business travelers spent an estimated $72.8 billion on U.S.-originated business travel during…