Business Travel News
Business travel in emerging markets soar
Emerging markets drive global business travel spending up 4.5% in 2011 to over $1 Trillion
European business travel spending set to bounce back in 2013
International business travel spending from the UK, Germany and France is expected to drop this year, but will make a recovery in 2013, according to latest forecasts from the Global Business Travel Association (GBTA).
Business travelers have power over corporate policy
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 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.
Pegasus reveals sharp increase in global business travel
Global business travel hotel bookings grew by 10.2 per cent over prior year in August, up from July’s 5.8 per cent increase, as reported by Pegasus Solutions. Bookings for both the business and leisure markets showed continued resiliency despite the US and European economic debt and credit crises that overshadowed the month.
Business short haul travel on the rails
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.
WTTC Summit 2011 – business travel to power global recovery
Business travel has accounted for one third of growth in global trade over the past decade, improved global corporate productivity tenfold and created millions of jobs worldwide, according to the latest economic impact research released by the World Travel & Tourism Council at its 11th Global Travel & Tourism Summit in Las Vegas.
Eurostar launches guaranteed boarding for business customers
Eurostar, the high-speed passenger service linking London, Paris and Brussels has today launched a guaranteed boarding service for its flagship Business Premier class.
Rising fuel prices dampening air travel, says IATA
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.
Industry expert joins business travel forums
Attendees of unique business travel events to benefit from educational content
Business travel set for growth despite higher fuel prices
Future growth in business travel spending and the number of trips taken would be impacted – but would not force an overall market decline – by a short-term oil price spike, according to new research from the Global Business Travel Association Foundation (GBTA), the research arm of the Global Business Travel Association.
Global Business Travel Association sell-out
Hundreds of industry experts from the travel management industry convened in New York City to kick off the sold-out Global Business Travel Association (GBTA)’s 2011 Strategic Travel Symposium (STS). Designed to inform, connect and educate travel professionals, industry leaders and media on the latest trends affecting the industry, the show was held at the Hilton New York.