GBTA BTI™ Outlook – Brazil: 2013 H1

Statistics & Metrics

original author/publisher GBTA Foundation, Rockport Analytics

Date: March 13, 2013

tags/keywords

business travel spending forecasting Brazil

About this Resource

The Global Business Travel Association ("GBTA") has released its latest GBTA BTI™ Outlook report on Brazil as part of its semiannual series.  Sponsored by Visa, key highlights include:

  • GBTA BTI™ indicates that strengthening domestic and global economies will place Brazil on a strong growth path in 2013, with the index increasing by over 40 points
  • Brazilian total business travel spending is expected to grow 14.3% in 2013 to $34.5 billion
  • Domestic business travel spending has grown 8.3% a year over the last 12 years, and is forecast to grow 12.9% to $27 billion in 2013
  • International outbound travel spending is on target to expand by 20.2% in 2013, reaching $7.1 billion
  • Demand for hotel rooms and air travel has been strengthening from both domestic and international outbound travelers; however there is an increasingly large gap in supply
  • Brazil currently ranks 8th in the business travel global rankings, and is on track to surpass Italy, France and the UK over the next two years 

About the GBTA BTI™ Outlook - Brazil

The GBTA Foundation, the education and research arm of the Global Business Travel Association (GBTA), commissioned Rockport Analytics, LLC to build the first-ever semiannual business travel outlook for Brazil.  Sponsored by Visa, the purpose is to provide corporate travel professionals and the broader business community insight into both short- and long-term trends in domestic and international outbound business travel activity.

The GBTA BTI™ Outlook - Brazil projects aggregate business travel trends over the next eight quarters. The report tracks business travel spending in total and by domestic and outbound segments.  It relates unfolding economic events at home and abroad to their resulting impacts on the Brazilian business travel market.  GBTA BTI™ Outlook - Brazil 2013H1 is the third report in the semiannual series.  In 2013, releases are expected to be published in March and September.

Rockport Analytics developed an econometric model to better inform the forecast process.  The model explicitly relates measures of business travel spending, uniquely sourced from other GBTA Foundation research , to key economic and market drivers of Brazilian business travel including:

  • Gross Domestic Product (GDP) and its components
  • Employment & Unemployment
  • Measures of Business & Consumer Confidence
  • International Trade, Foreign Direct Investment, and Exchange Rates
  • Commodity Prices
  • Oil Prices
  • Inflation Measures
  • Productivity Rates for Business Travel
  • International Air Transport Association (IATA) Passenger and Revenue Performance
  • Smith Travel Research (STR) Global Hotel Performance  

Non-members: You can download this resource for free by becoming a GBTA member. It is also available for purchase.

Resource contributor

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,...