Home / Daily Feed / GBTA Increases U.S. Business Travel Spending Projection
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 to strong investment in international outbound travel spending, which is now expected to increase 12.9 percent to $37.2 billion—up from 12.5 percent growth forecast in the fourth quarter. Total person-trip volume is expected to increase 2 percent to 464.7 million trips, according to GBTA’s outlook. GBTA’s outlook for group travel was also revised to increase 7 percent in 2014 to $126 billion—up from the 6.5 percent growth GBTA predicted last quarter. Read more over at Business Travel News.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Scroll To Top