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.
The Global Business Travel Association (GBTA)—the voice of the global business travel industry—today filed comments with the Department of Transportation in Application for Approval of an Agreement (Resolution 787) by the International Air Transport Association’s (IATA) filing seeking approval of their New Distribution Capability (NDC) proposal.
The Global Business Travel Association (GBTA)—the voice of the global business travel industry—today announced the creation of a new exploratory task force to develop a local chapter membership plan for Atlanta and the surrounding local markets.
The Global Business Travel Association, the voice of the global business travel industry, launched a new recognition program: GBTA Spotlight on Transformation. This new program will focus on the future thought leaders of business travel management and will highlight successful innovations that allow the travel manager and the corporate traveler to elevate the business of travel.
Global corporations have been spending more and more on corporate travel in China over the last decade. Global Business Travel Association (GBTA), the world’s premier business travel and corporate meetings organization, predicts that $245 billion will be spent on corporate travel in China in 2013 and that the country’s corporate travel spending may surpass that of the US by 2014.
The GBTA Foundation, the research and education arm of the Global Business Travel Association, has announced the creation of a new RFP Guide to Strategic Meetings Management. This guide will represent a standard set of topics for an organization to ask vendors to address when soliciting vendor bids for an SMM program and to help guide internal communication or successful development or expansion of an SMM program.
The Global Business Travel Association - the voice of the global business travel industry - has announced the formation of a GBTA Russia chapter. The development of GBTA Russia means that the association now has activity and membership in all BRIC regions for the first time.
Business travel spending growth slowed through the tail end of 2012 as companies postponed critical investment decisions until after the U.S. presidential election and Congressional debate on the fiscal cliff. However, the business travel forecast for 2013 should be more positive, provided there is continued easing of economic and political uncertainty – presenting an early indication of greater corporate confidence in spending decisions.
If the U.S. economy falls over the “fiscal cliff,” it would have an immediate and severe impact on U.S. business travel, according to new research from GBTA Foundation. The new report analyzes the business travel impact of expiring tax cuts and automatic spending reductions – commonly referred to as the “fiscal cliff” – as well as the longer-term ramifications of leaving current levels of deficit spending unaddressed.
GBTA today announced the appointment of Catherine McGavock to the position of Director, Operations for Europe. Ms McGavock will replace Paul Tilstone as the regional head for Europe, and will be responsible for developing GBTA Europe as a region and overseeing the delivery of the association’s full membership, events, education & training and advocacy programmes.