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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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Global Corporate Bookings Increased in Third Quarter

Global Corporate Bookings Increased in Third Quarter

DALLAS—Global hotel bookings for business travel increased by 4.4 percent over last year in September, according to data released by Pegasus Solutions. Following a late summer stall that had bookings for the channel below prior year by 1.5 percent in ...

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Government Shutdown Could Derail Business Travel Spending

Government Shutdown Could Derail Business Travel Spending

ALEXANDRIA, Va.—Business travel spending is expected to see a robust year in 2014 fueled by steady corporate profits, increases in business investment, and an improving U.S. economy. However, the ongoing government shutdown and potential default could derail progress and is ...

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Group Outlook Improves Through 2014

NEW YORK—While transient bookings (comprised of individual business and leisure travelers) are still driving growth in both occupancy and average daily rate (ADR) for hotels, the group outlook for the remainder of 2013 is stronger than it has been in ...

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Take a Break

Take a Break

The recession brought with it a slump in meeting business that hotels are only now seeing improve. Now the race is on to drive in more business. To attract corporate and group accounts and keep up with current travel trends, ...

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