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A RETURN TO NORMALITY, BUT DELAYED

A RETURN TO NORMALITY, BUT DELAYED

9 March 2023 Press Release Tourism News Organisations & Operators

For business travel, the return to pre-pandemic normality has been moved back two years to 2026. Inflation, China’s economic problems and the effects on global supply chains were among the reasons listed by the Global Business Travel Association (GBTA) on Wednesday at ITB Berlin 2023. Basic parameters concerning business travel had also changed, said Suzanne Neufang, CEO of the GBTA

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

10 April 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

10 April 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.