Alexandria Newswire

Alexandria Newswire

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  1. corporatetravelRead the original story w/Photo

    Jul 12, 2016 | Lodging

    ALEXANDRIA, Va.-Global business travel spend topped $1.2 trillion USD in 2015, growing 5 percent over 2014, and is forecast to reach 1.3 trillion in 2016 according to the GBTA BTI Outlook-Annual Global Report & Forecast, a new report released today by the GBTA Foundation, the education and research arm of GBTA, and sponsored by Visa, Inc. Despite continued global uncertainty, cautious optimism rules the forecast, which predicts global business travel spend to advance 5.8 percent on average over the next five years reaching $1.6 trillion in 2020. "Global business travel remains a critical driver of the success of organizations around the globe," said Michael W. McCormick, GBTA executive director and COO.

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