Global business travel and events costs are expected to keep climbing through the remainder of 2023 and into 2024. However, lingering economic uncertainty and a gradual easing of supply-side constraints are likely to result in more subdued price increases than the record hikes during 2022,...
An annual report by the Global Business Travel Association (GBTA) analyzing the business travel sector predicts business travel will rise toward the end of the year and will fully recover by 2025. “The pandemic has been devastating for business travel and it’s clear our industry...
The Global Business Travel Association (GBTA) is in favor of postponing the hotel request-for-proposal (RFP) process for corporate travel bids until 2021 due to the coronavirus, it said Tuesday (May 5) in a press release. GBTA CEO Scott Solombrino said that while the organization doesn’t...
Travel managers are battling against card skimming and other types of fraud — and the instances of fraud are on the rise, according to a recent study. Elsewhere, the U.S. Department of Justice has indicted 10 people for trying to steal more than $100 million...
August 14, 2023
Business travel is bouncing back following a pent-up demand for in-person meetings and events as the world moves beyond the pandemic. This rebound is occurring faster than expected, the Global Business Travel Association (GBTA) and Visa said in a Monday (Aug. 14) press release. Global business travel expenditures totaled $1.03 trillion in 2022, increasing 47% […]
August 10, 2023
Global business travel and events costs are expected to keep climbing through the remainder of 2023 and into 2024. However, lingering economic uncertainty and a gradual easing of supply-side constraints...
February 02, 2021
An annual report by the Global Business Travel Association (GBTA) analyzing the business travel sector predicts business travel will rise toward the end of the year and will fully recover...
