5 Business Travel Trends To Watch For In 2020 And Beyond
Automation, machine learning, and artificial intelligence have made it faster and easier than ever to plan and book trips.
 |
Global business travel spending reached $1.33 trillion in 2017, advancing 5.8% over 2016 levels, according to the GBTA BTI Outlook – Annual Global Report & Forecast, a new report released yesterday at GBTA Convention 2018 by the Global Business Travel Association. Spending is forecast to advance another 7.1% in 2018 and will expand to $1.7 trillion by 2022.
“This pick-up in growth could signify an end to the ‘Era of Uncertainty’ in global business travel, but rising protectionism is coming at precisely the wrong time,” said Michael W. McCormick, GBTA executive director and COO. “The direction of trade policy is far and away the biggest wild card that could impact our forecast for global business creating uncertainty that could derail the recovery.”
Related Topics: business growth, business travel, business trends, corporate travel, GBTA, industry trends, research and trends, revenue growth
Automation, machine learning, and artificial intelligence have made it faster and easier than ever to plan and book trips.
Two corporate travel executives explain how providers can adjust to shifting demands and preferences.
The results of a recent survey reveal an overall positive outlook, despite concerns about political and economic stability.
The report says while millennials accounted for 35% of the luxury market in 2019, by 2025 that will rise to 45%.
It’s no longer all work and no play. Bleisure trips – the blending of business and leisure travel – are on the rise.
Domestic activity is declining, and forecasts suggest international trips to the U.S. will slow next year.
Booking systems need to consider how travelers' expectations are evolving along with technology.
SurveyMonkey data shows passengers have gotten so hooked on TNCs that the companies could increase prices further.
Physically challenged employees face an extra set of problems in addition to the usual ones that come with traveling for work.
The claims range from unwanted touching and kissing to rape.
Anyone driving a lot on the roads this Thanksgiving week, such as chauffeurs, would want to know this.
It's all about personal, custom, bespoke unplugging type experiences that luxury transportation can play into.
In a recent survey of almost 1,000 Uber and Lyft drivers, it turns out more money doesn't equal happiness.
It's up to travel management companies to evolve from traditional approaches to continue to provide the highest-quality experiences.
NOV/DEC Editor's Edge: An overdue clearinghouse as we cross another big date.
The world's No. 1 online marketplace and trader for professional chauffeured and chartered vehicles, including all types of motorcoaches, buses, vans, stretch limousines, sedans, SUVs, exotics, and classics. New and used vehicles are available from sellers across the nation.
The best online networker to find quality affiliates worldwide and market your company.
Click on any state to see the latest industry news and events in that region.
GCLA Hires Sara Eastwood-Richardson
2020 LCT Award Winners Reflect A Changing Industry
ILCT Show Takes Attendees Into A Productive Lane
