United States Projected to Lose $1.3 Billion in Travel-Related Expenditures in 2017

United States Projected to Lose $1.3 Billion in Travel-Related Expenditures in 2017

First, there was Brexit. Next came the Trump Administration’s first travel ban, which cost the United States $185 million in business travel bookings in one week. It was followed by a second travel ban, which like the first, was halted by court orders. After that, the United States Department of Homeland Security (DHS) barred passengers…

Is Election Year Uncertainty Putting U.S. Businesses at Risk?

Is Election Year Uncertainty Putting U.S. Businesses at Risk?

Today, the GBTA Foundation released its latest quarterly U.S. business travel forecast, slightly downgrading our expectations from the previous quarter. Uncertainty around the upcoming presidential election is among the factors influencing our more pessimistic outlook for U.S. business travel spending through 2017. Along with the uncertainty surrounding the election, sluggish global expansion, low inflation, weak…