U.S. Business Travel Outlook: European Debt Crisis Scenario

Statistics & Metrics

original author/publisher GBTA Foundation, Rockport Analytics

Date: February 15, 2012

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About this Resource

If the European debt crisis grows significantly worse it would wreak havoc on U.S. business travel. A severe crisis could result in a 9% decline in trips and 16% drop in spending – nearly $88 billion.

Given the critical role of business travel in facilitating economic growth, the current slow U.S. recovery could be severely hampered if the European debt crisis is not resolved. International outbound travel, which has played an outsized part in the revival of business travel since the recession, would be crushed by further deterioration in the Eurozone.

The research was conducted through an analysis and econometric model used in GBTA’s Business Travel Quarterly Outlook reports which was altered or “shocked” to assume conditions of a worsening European debt crisis.

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Paul Yachnes

I am Research Library Manager with GBTA Foundation, responsible for building and maintaining the Digital Resource Library and answering member research and reference questions. If I can help you find research, whitepapers, RFPs, presentations,...