Business Travel News

American Express Global Business records uptick in travel spending

American Express Global Business records uptick in travel spending

American Express Global Business Travel has announced the results of its 2015 EVP Barometer. The results show that business travel spending increased by 1.42 per cent in 2015, more than twice the rise anticipated in the 2014 Barometer. In addition, “safety and security” has overtaken “cost control” to be the number one priority of company executives when considering business travel.

U.S business travel shrugs off wintry weather

U.S business travel shrugs off wintry weather

9th Apr 2014 Press Release Tourism News Organisations & Operators

Despite a record-breaking winter where the effects of the polar vortex and back-to-back snowstorms halted travel across much of the U.S., business travel is expected to continue its surge in 2014. The Global Business Travel Association today significantly increased its forecast for the year, driven in large part by healthy corporate profits, rising management confidence and increased job development – a continued positive sign for the U.S. economy.

Business travel spending gains momentum as economy improves

Business travel spending gains momentum as economy improves

9th Apr 2013 Press Release Tourism News Organisations & Operators

An improving economic outlook with business and consumer confidence on the rise is expected to boost business travel in 2013, leading the Global Business Travel Association to upgrade its forecast for the year.  Stronger corporate profits, increasing job development and improvements in key export markets are fueling business travel spending after a sluggish fourth quarter that was dampened by political uncertainty due to the “fiscal cliff” debate.

Business travelers have power over corporate policy

Business travelers have power over corporate policy

12th Dec 2011 Press Release Tourism News

Unmanaged business travel could become the norm over the next five years as businesses find it increasingly easy to get better deals online, according to a panel of experts at this week’s World Travel Market Meridian Club Think Tank.

Business travel continues growth, but faces turbulence

Business travel continues growth, but faces turbulence

11th Oct 2011 Press Release Tourism News

Business travel will maintain its upward trajectory in 2012, but a stagnant U.S. economy is driving increasing corporate uncertainty and leading to projections of slower U.S. business travel spending growth next year, according to the latest Business Travel Quarterly Outlook – United States from the Global Business Travel Association (GBTA), sponsored by Visa.

Business short haul travel on the rails

21st May 2011 Rail News

Business travel suffered highs and lows during the recession and will continue to remain super-cyclical. In the medium term though, the outlook is positive. Long-haul premium air travel is returning, however PwC believes the market has fundamentally changed in short-haul travel.

Rising fuel prices dampening air travel, says IATA

Rising fuel prices dampening air travel, says IATA

20th Apr 2011 Airline News

Rising fuel prices are starting to dampen air travel demand, according to the latest report from IATA, but business travel is maintaining a strong recovery. Economy travel slowed from 4.9% year over year growth in January to 3.3% in February. Premium travel was more robust, slowing from 8.1% to 7.7% over the same periods.