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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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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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