Italy: An Economic Struggle Hurts Business Travel

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…

Outside Pressures and Struggling Domestic Economy Means Slower Business Travel Growth in Brazil
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Outside Pressures and Struggling Domestic Economy Means Slower Business Travel Growth in Brazil

In a report released earlier this week, the GBTA Foundation is forecasting slower growth for Brazil’s business travel spend. Brazil’s struggling domestic economy and the troubled regional economy are key factors in GBTA Foundation’s significant downgrade to business travel spend growth for the country. GBTA expects 3.6 percent growth in 2014 and 4.1 percent in…