global business travel association
The Global Business Travel Association (GBTA) | August 19, 2022
San Diego, CA – The global business travel industry is back and continues to move through recovery as evidenced by the robust attendance and levels of interest and insights at GBTA Convention 2022, held this week at the San Diego Convention Center. The industry came together to “(Re)connect, (Re)Imagine, and (Re)Create,” with more than 4,600 registered attendees including 1,020 travel buyers from more than 50 countries, 550 buyer companies and 250+ exhibitors. Fueled by a return to business travel, the event attracted significant numbers of first-ever attendees and new companies attending the convention. The evolution of th...
Technology Tops the Travel Manager’s Agenda as Travel Management Companies Continue to Play Vital Role in Business Travel’s Return
FCM | August 17, 2022
Alexandria, VA – Business travel and the role of the travel manager changed significantly during the pandemic. As business travel returns, many are questioning what changes will become permanent, and how the industry will continue to evolve to navigate new headwinds including inflation, Covid-19 infection spikes, and the threat of further travel disruptions. The research study released today by the Global Business Travel Association (GBTA) and made possible by FCM — “The Evolution of Travel Program Technology” — explores how technology has impacted the travel manager’s role, the traveler experience, and the TMC business. D...
Global Business Travel Spending Is Coming Back, but Recent Headwinds Push Anticipated Full Recovery Into 2025 and 2026
the Global Business Travel Association | August 16, 2022
Inflation, energy prices, supply chain challenges, labor shortages, and regional developments add 18 months to industry recovery forecast, according to the 2022 GBTA Business Travel Index™ The global business travel industry continues its progress towards full recovery to 2019 pre-pandemic spending levels of USD $1.4 trillion, but recovery has hit some headwinds. Just as many Covid-related recovery conditions have improved, many macroeconomic conditions deteriorated rapidly in early 2022. These new developments are impacting the timing, trajectory and pace of business travel’s recovery, both globally and by region, pushing the forecast...
Business Travelers Set to See Air Fares Rise by 8.4%, Hotel Rates by 8.2%, and Car Rental Charges by 6.8% in 2023
GBTA | August 10, 2022
MINNEAPOLIS – Global travel prices are predicted to continue to increase in the remaining months of 2022 and throughout 2023, according to the 2023 Global Business Travel Forecast, published today by CWT, the B2B4E travel management platform, and the Global Business Travel Association (GBTA), the voice of the global business travel industry. Rising fuel prices, labor shortages, and inflationary pressures in raw material costs are the primary drivers of the expected price growth, according to the report, which uses anonymized data generated by CWT and GBTA, with publicly available industry information, and econometric and statistical modelin...
GBTA | July 15, 2022
Brussels – The Global Business Travel Association (GBTA), the world’s largest business travel association, is calling on the European Commission to address the staff shortages threatening the industry’s recovery. The current six-week background checks required for employees working at airports and in the airline sector is causing a bottleneck, and delay to the smooth travel experience required by business travellers. GBTA is calling for the European Union to temporarily adapt these regulations as a matter of priority to ease pressure on airports and the airline industry. Projected to reach pre-COVID 19 levels of US $1.4 trillion in r...
Move Over COVID, the Business Travel Industry Tackles New Considerations on Its Continued Road to Recovery
GBTA | June 23, 2022
Business travel’s return remains strong, while emerging issues challenge accelerated recovery and companies empower employee travel based on COVID comfort levels, according to the latest research poll from GBTA Alexandria, VA – There’s more on the minds of the business travel industry these days beyond COVID-19 when it comes to the sector’s continued recovery. The return of global business travel remains strong – this month a majority of global travel managers surveyed report their companies are allowing domestic and international employee travel, and travel suppliers continue to cite increased travel bookings from their corp...
Sustainability Momentum Builds for Corporate Travel and Meeting Management According to New Research From GBTA and Cvent
Global Business Travel Association | May 19, 2022
Alexandria, VA – Sustainability is at the forefront of global business, but have company commitments to sustainability made their way to corporate travel and meetings management programs? What will it take for companies to make business travel and meetings more sustainable? A new report from Global Business Travel Association and Cvent – “The Journey to More Sustainable Corporate Travel and Meetings Management Programs” – surveys corporate travel managers and meeting planners across the U.S., Canada and several European countries about their current sustainability programs and activities. The report reveals where corporate trave...
GBTA | February 28, 2022
There are positive indications that business travel continues to turn the corner on COVID-19, and especially over the past month, as concern from Omicron begins to wane and global travel restrictions loosen. Also on the rise are business travel volume expectations for the year ahead, as well as employees’ willingness to travel and to blend business travel with leisure time. Responding companies also expect to be heading back to the office, at least a few days a week, and many of them are facing headwinds in hiring and retaining qualified workers. This is according to data and insights from the February COVID-19 recovery poll, the latest...
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