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U.S. Business Travel Marketplace to Remain Stable

U.S. business travel will continue to grow at stable and steady rates over the next two years, despite significant headwinds from Asia Pacific, Latin America, and the Middle East, the Global Travel Business Association (GBTA) Foundation reports. Overall, GBTA Foundation’s ...

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Hotels Jump on the Bleisure Trend

Hotels Jump on the Bleisure Trend

As the lines continue to blur between business and leisure travel, hotels are in a prime position to capitalize on the growing “bleisure” segment. Hotwire.com’s 2014 American Travel Behavior Survey shows that 49 percent of employed American adults who travel ...

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U.S. Business Travel Spending Projected to Top $292B

U.S. Business Travel Spending Projected to Top $292B

A travel industry forecast finds U.S.-originated business travel grew nearly 3 percent year-over-year, with company spending for business travelers increasing 7.6 percent to $71.2 billion during the first quarter of 2014. This indicates rising management confidence in the economic recovery, ...

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GBTA Increases U.S. Business Travel Spending Projection

GBTA Increases U.S. Business Travel Spending Projection

The Global Business Travel Association now expects U.S. business travel spending to rise 7.1 percent in 2014 to $293.3 billion, a substantial upgrade from the 6.6 percent growth to $289.8 billion GBTA predicted last quarter. GBTA attributed the forecast upgrade ...

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Business Travel Adds to GDP Growth

Business Travel Adds to GDP Growth

Business travel was responsible for about 3 percent of U.S. GDP in 2012 ($491 billion), according to a new report issued by the Global Business Travel Association Foundation. For every 1 percent increase in business travel spending, the U.S. economy ...

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