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Business travel responsible for $547 billion in U.S. GDP in 2016, creates over 7.4 million jobs

2017/07/17

U.S. business travel spending reached $424 billion in 2016 A new report issued at GBTA Convention 2017 by the GBTA Foundation, the education and research arm of the Global Business Travel Association, in partnership with American Express Global Business Travel (GBT), highlights the positive economic impact business travel has on the nation’s economy. The study, titled ‘The U.S. Business Travel Economic Impact Report,’ reveals business travel was responsible for about three per cent ($547 billion) of U.S. GDP in 2016.…

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United States projected to lose $1.3 billion in business travel-related expenditures in 2017

2017/05/19

First, there was Brexit. Next came the Trump Administration’s first travel ban, which cost the United States $185 million in business travel bookings in one week. It was followed by a second travel ban, which like the first, was halted by court orders. After that, the United States Department of Homeland Security (DHS) barred passengers travelling from 10 airports in eight Middle Eastern and African countries from bringing laptops and other large electronics into the cabin as carry-ons. Hours later,…

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GBTA announces Innovation Leaders of Today panel at GBTA Conference 2017 Toronto

2017/04/19

The Global Business Travel Association (GBTA), the voice of the global business travel industry, has announced a new panel to be featured on Centre Stage at GBTA Conference 2017 Toronto, May 23 – 25: Innovation Leaders of Today. The Wednesday morning panel will feature prominent industry executive leaders discussing the impact of innovative technology on the ever-changing travel landscape.It will be moderated by BCD Travel Director of Emerging Technologies Miriam Moscovici. Panelists include: Dan Ruch, Founder & CEO of Rocketrip…

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U.S. business travellers rate travel safety in developed and emerging destinations

2017/03/16

Washington, D.C., Los Angeles, London, New York & Munich top destinations travellers feel most safe Business travellers view terrorism as the greatest safety risk they face on the road, according to a new study released by the GBTA Foundation, the research and education arm of the Global Business Travel Association. Almost half (45 per cent) rank it as their greatest concern when travelling for business, much higher than the share indicating street crime (15 per cent), illness/disease outbreaks/sanitation (13 per…

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Companies expect ongoing international travel disruption due to revised travel ban

2017/03/09

European companies will plan significantly fewer meetings and events in United States The Global Business Travel Association (GBTA), the voice of the global business travel industry, polled its U.S. and European members recently to assess the business travel impact of President Trump’s revised executive order on travel. Nearly four in 10 (37 per cent) U.S. business travel professionals expect some level of reduction in their company’s travel because of the revised executive order. Even more European travel professionals felt this…

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Uncertainty over travel ban puts business travel, economy at risk

2017/02/24

GBTA releases latest U.S. Business Travel Forecast By Michael W. McCormick, GBTA Executive Director and COO Earlier this month, GBTA released data showing the dramatic bottom line impact President Trump’s executive order banning travel to the United States from seven Muslim-majority countries has had on business travel. In the week following the ban, approximately $185 million in business travel bookings were lost as the uncertainty surrounding travel in general had a rippling effect on traveller confidence. Given that for every…

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The ruling on the travel ban: A lose-lose scenario for business travel and the economy

2017/02/10

New data reveals dramatic bottom line impact By Michael W. McCormick, GBTA Executive Director and COO On February 7, the 9th U.S. Circuit Court of Appeals in San Francisco heard arguments from the Department of Justice and opposing attorneys from the states of Washington and Minnesota before they decided the fate of President Trump’s executive order banning travel to the United States from seven Muslim-majority countries. The Court of Appeals ultimately chose to uphold the lower court’s ruling on the…

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India is world’s fastest growing major business travel market in 2016

2017/02/02

India poised to move up from 10th largest global business travel market to sixth by 2019, despite demonetization fears The Global Business Travel Association (GBTA) Foundation, the voice of the global business travel industry, has announced the results of its latest GBTA BTI™ Outlook – India report, a semi-annual analysis that relates unfolding economic events at home and abroad to their resulting impacts on India’s business travel market. The report reveals continued double digit business travel spending growth for India,…

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Ride-sharing services now allowed by half of corporate travel policies across the globe

2017/01/31

GBTA Foundation and American Express release latest GBTA Business Traveller Sentiment Index Global Report – January 2017 Ride-sharing services are now allowed by one-half (50 per cent) of all corporate travel policies, a jump from 44 per cent in June 2016, according to the GBTA Business Traveller Sentiment Index™ Global Report – January 2017, in partnership with American Express. The Index examines business travellers’ feelings about their trip experience and how those feelings affect their behaviours on the road. As policies…

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MPI and GBTA Foundation recognize CMM recipients from Norfolk 2016 class, announce destinations for 2017 programs

2017/01/13

Meeting Professionals International (MPI) and the GBTA Foundation, the education and research arm of the Global Business Travel Association (GBTA), recently presented the distinguished Certificate in Meeting Management (CMM) to 37 meeting and travel professionals from the CMM Norfolk 2016 class. Also, the associations are planning to offer two programs in Palm Springs, Calif., and Reno, Nev., this year. “We cannot be more pleased with the strong interest the CMM Program has received from our global community,” said Paul Van…

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News & Articles - GBTA

Business travel responsible for $547 billion in U.S. GDP in 2016, creates over 7.4 million jobs

GBTA announces Innovation Leaders of Today panel at GBTA Conference 2017 Toronto

U.S. business travellers rate travel safety in developed and emerging destinations

Companies expect ongoing international travel disruption due to revised travel ban

Uncertainty over travel ban puts business travel, economy at risk

The ruling on the travel ban: A lose-lose scenario for business travel and the economy

India is world’s fastest growing major business travel market in 2016

MPI and GBTA Foundation recognize CMM recipients from Norfolk 2016 class, announce destinations for 2017 programs

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