gbta bti outlook
Business Travel Sees Steady Recovery in Europe
the Global Business Travel Association | February 16, 2021
London – February 16, 2020 – The Global Business Travel Association (GBTA) – the world’s largest business travel association – held its European Town Hall today to discuss its annual BTI™ Outlook with a focus on Europe. Europe comprised 27% of global business travel in 2019, attributing $392 billion to the $1.43 trillion global busines travel spending. Business travel in Western Europe accounted for approximately 23.4% of this global figure ($334.7 bn) and Eastern Europe (Emerging Europe) accounted for 4.0% ($57.2 bn). The six largest markets in the region (Germany, UK, France, Italy, Spain and the Netherlands) accounted fo...
A Deeper Dive into GBTA’s U.S. Business Travel Forecast
Monica Sanchez | January 25, 2016
By Monica Sanchez Last week, the GBTA Foundation released our latest quarterly U.S. business travel outlook projecting just over 3 percent growth in business travel spending for 2016 and 2017. Here are three key questions we've been hearing about the forecast. Will airfares drop in 2016? In 2015, price growth was the lowest we've witnessed since the Great Recession. A stronger dollar and plummeting oil prices kept the lid on price increases across the travel sector. Our expectation for price growth in 2016, however, show hotel prices, food and beverage and ground transportation all experiencing a significant rebound, while airfares con...
U.S. Business Travel Spending Growth Slows in 2015
the GBTA Foundation? | October 13, 2015
Airfares Drop Due to Plunge in Oil Prices, But Rising Ancillary Fees Negate Savings Alexandria, VA (October 13, 2015) – U.S. business travel spending will increase by 3.1 percent in 2015 and 3.7 percent in 2016, yet the global oil price collapse and economic weakness in China, Russia and the Middle East dampen the outlook for growth this year and next. These findings are part of the GBTA BTI™ Outlook – United States 2015 Q3, a report by the GBTA Foundation, the education and research arm of the Global Business Travel Association (GBTA), and sponsored by Visa, Inc. "Growth in U.S. business travel spending is softening ...
GBTA Slightly Downgrades its Forecast for Chinese Business Travel
March 10, 2015
SHANGHAI, March 10, 2015 -- The GBTA Foundation, the education and research arm of the Global Business Travel Association (GBTA), today announces the results of its latest GBTA BTI™ Outlook – China report, a semi-annual analysis that relates unfolding economic events at home and abroad to their resulting impacts on China's business travel market. The report, sponsored by Visa Inc., includes the GBTA BTI™; an index of business travel spending that distills market performance over a period of time. China's so called "soft landing" continued during the second half of 2014. This describes a condition where overall growth moderates in ...
