gbta
GBTA Convention 2023 Showcases Positive Forecast, Trends and Learning for the Future of the Global Business Travel Industry
GBTA | August 16, 2023
World’s largest gathering of the global business travel industry delivers latest growth forecast, learning and education sessions, and insights on key topics including sustainability, technology, workforce development, and DE&I initiatives The global business travel industry and in-person events continue to build momentum as evidenced by the robust attendance, critical insights and attendee engagement that took place this week at GBTA Convention 2023 at the Kay Bailey Hutchison Convention Center in Dallas. The industry came together to connect, learn, grow, and discover, with more than 5,200 registered attendees from 58 countri...
Global Business Travel Industry Forecast Is for Accelerated Rebound, Spending to Reach $1.8 Trillion by 2027
GBTA | August 14, 2023
Expected business travel spending accelerates due to pent-up demand, return of travel and meetings, improved COVID landscape, stable economic conditions and inflationary factors, according to the latest GBTA Business Travel Index™ Outlook report The global business travel industry has rebounded at a more accelerated rate than expected just a year ago and is now expected to surpass its pre-pandemic spending level of $1.4 trillion in 2024 − and grow to nearly $1.8 trillion by 2027. In 2022, global business travel spending rose 47% to $1.03 trillion, with strong gains continuing and 32% growth expected in 2023. These robust gains were fue...
Global Business Travel and Events Costs Expected to Remain Elevated Through 2024, Reflecting ‘True New Cost of Travel’
GBTA | August 10, 2023
Global business travel and events costs are set to climb higher through the remainder of 2023 and into 2024, albeit at a much more moderate pace than the exceptionally steep increases seen in 2022. This is according to the 2024 Global Business Travel Forecast, published today by CWT, the business travel and meetings specialist, and the Global Business Travel Association (GBTA), the world’s largest business travel trade organization. Rising fuel prices, labor shortages, and supply chain challenges, coupled with red hot demand, caused travel prices to skyrocket in 2022 – far surpassing some of the increases outlined in last year’s for...
The Current State of Business Travel: Business Traveler and Travel Manager Priorities
GBTA | August 4, 2023
GBTA and Uber for Business Examine the Complex Perspectives Between Business Travelers and Travel Managers in New Report The new age of business travel is intentional, with employees increasingly emphasizing work-life integration and changing dynamics This is according to a new report – “The Current State of Business Travel: Business Traveler and Travel Manager Priorities” – published today by the Global Business Travel Association (GBTA), the world’s largest business travel association, and sponsored by Uber for Business, Uber’s global enterprise platform for managing business rides, meals and deliveries. The report explo...
GBTA Foundation Reveals the State of Climate Action in Global Business Travel in New Report
GBTA | June 13, 2023
Findings from GBTA’s “The State of Climate Action in Business Travel” report cite awareness, investment and communication as key factors in advancing global sustainability The time is now for the global travel industry to enact meaningful changes for the climate, according to a newly released report, “The State of Climate Action in Business Travel – Global Industry Barometer 2023,” from the GBTA Foundation, the charitable arm of the Global Business Travel Association (GBTA). As reflected in the findings, “business travel is at a critical juncture” as the industry continues to adjust to new realities and envisions a more r...
New Report From Cvent and GBTA Sheds Light on the Transforming Role of the Corporate Travel Manager
GBTA | June 2, 2023
Latest research from GBTA and Cvent explores the critical and evolving role of travel managers including reshaped responsibilities, compensation insights, DE&I advances, and career satisfaction Like most of us, corporate travel managers can divide their careers into two distinct eras: before COVID and after COVID. And like most professions, the ongoing adjustments for travel managers to their responsibilities, compensation, and job satisfaction reflect an industry that’s ripe for change while still adhering to some past truths. This is according to a new report – “The Life and Times of a Corporate Travel Manager: Travel Ma...
New Benchmarking Study Outlines Corporate Best Practices for Managing Business Travel’s Climate Impact
GBTA | April 24, 2023
Coinciding with Earth Month, the GBTA Foundation report showcases collective best practices and insights from leading companies taking action on Scope 3.6 emissions for greener corporate travel As companies strive to reduce their carbon footprint, they are implementing various strategies to decarbonize their employee travel. But which practices are effective in driving change and ultimately empowering organizations to continue leveraging business travel while reducing their climate impact? A new benchmarking study released today, “Managing Emissions From Business Travel Programs: Overview of Corporate Best Practices,” sheds light on...
ChatGPT, Generative AI, and the Future of Business Travel
GBTA | April 21, 2023
Since early 2023, ChatGPT has dominated the conversation in technology. Many have described this new AI tool as a “seismic shift” and “the biggest thing since the Internet.” To demonstrate the capability of ChatGPT, most of this article was generated by ChatGPT. All sections that were AI generated are noted as such. Is the AI-generated content perfectly composed, detail-rich, and ultra-nuanced? No. Is it simple to understand and surprisingly accurate? Absolutely. There’s no doubt that generative AI tools such as ChatGPT will have significant impacts on how business gets done, how we communicate, and even society at large. ...
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