business travel trends
Robert Rauch | April 6, 2021
By Bob Rauch When Is business travel really coming back? Many corporate executives had all their meetings online in 2020. In 2021, we believe that will change soon due to the pace of vaccines, decline of COVID-19 cases, and negative impacts of closed economies. Regional sales trips are beginning again and airport executives suggest that business travelers are coming back. But when will this segment really return? Realistically, look at Q4 of 2021. Q2 will see an uptick, Q3 will be all about pent-up leisure demand and Q4 will see a strong return of business travel. Companies have been able to conduct business online with improved onl...
the Global Business Travel Association | February 2, 2021
Alexandria, Virginia – February 2, 2021 – The Global Business Travel Association (GBTA) – the world’s largest business travel association – released its annual BTI™ Outlook, a detailed analysis of business travel in 2020, with projections for 2021 and beyond. The BTI Outlook, now in its 12th year, is an exhaustive study of business travel spending and growth covering 75 countries across 48 industries. The true global financial impact of COVID-19 began in Q2 2020, resulting in an expected 68% decline (to $738 billion USD) from April 1, 2020 to the end of the year. Because of the relatively strong (pre-COVID) first quarter of 202...
the Global Business Travel Association | October 29, 2018
Travelers Willing to Share Information for Personalized Experience Alexandria, VA (October 29, 2018) – On average, business travelers consider three hotels before booking and 82 percent say loyalty programs matter when making that decision, according to new research out today from the Global Business Travel Association (GBTA) in partnership with Omni Hotels & Resorts. Additionally, the study reveals nine in 10 business travelers view rewards points and perks as a motivating factor in selecting a hotel and 81 percent believe being a loyalty member results in better service. Business travelers are split when it comes to using lo...
GBTA Forecasts Seven Percent Growth in Global Business Travel Spend, Potentially Signifying End to Era of Uncertainty
the Global Business Travel Association | August 15, 2018
Rising Protectionism Threatens to Derail Business Travel Spending Breakout ALEXANDRIA, Va.—August 15, 2018--Global business travel spending reached $1.33 trillion in 2017, advancing 5.8 percent over 2016 levels, according to the GBTA BTI™ Outlook – Annual Global Report & Forecast, a new report released today at GBTA Convention 2018 by the Global Business Travel Association. Spending is forecast to advance another 7.1 percent in 2018 and will expand to $1.7 trillion by 2022. "This pick-up in growth could signify an end to the 'Era of Uncertainty' in global business travel, but rising protectionism is coming at prec...
July 3, 2018
by Cinthya Caggiano Most people in the industry had written off Brazil after 2016. After seeing a period of growth, Brazil's recession and political instability affected not just the domestic business travel market but the international market as well. In its 2018 Global Travel Forecast, the Global Business Travel Association (GBTA) stated, "This growth has stagnated over the last few years, and Brazil's business travel market is backsliding and losing much of the momentum gained early in the new millennium." However, I think this was perhaps a bit premature for three core reasons. And because of these reasons, there are opportunities f...
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