Business Travel Expected To Grow 24% By 2023
Development of the tourism industry, rise in globalization, and rapid increase in small- and medium-sized enterprises are driving the increase.
ALEXANDRIA, Va. -- U.S. business travel spending will increase by 3.1% in 2015 and 3.7% 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.
Related Topics: business travel, business trends, corporate travel, economic outlook, GBTA, Global Business Travel Association, international business
Development of the tourism industry, rise in globalization, and rapid increase in small- and medium-sized enterprises are driving the increase.
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