Industry Research

Business Travel Spending Slows In 2015

Posted on October 14, 2015

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.

GBTA press release here

Related Topics: business travel, business trends, corporate travel, economic outlook, GBTA, Global Business Travel Association, international business

Comments ( 0 )
More Stories
Despite concerns about potential disruptors, travelers contniue to embark on new adventures (Photo via Pexels user Matthew Barra)
News

Luxury Travel Will Surge In 2020

The results of a recent survey reveal an overall positive outlook, despite concerns about political and economic stability.