GBTA BTI™ Outlook – Annual Global Report & Forecast: Prospects for Global Business Travel 2013-2017

Statistics & Metrics

original author/publisher GBTA Foundation, Rockport Analytics

Date: August 6, 2013

tags/keywords

travel spending forecast business travel index

About this Resource

Global business travel spending is expected to rise throughout 2013 and continue its ascent over the next several years, according to the latest installment of the GBTA BTI™ Outlook - Annual Global Report & Forecast, sponsored by Visa, Inc. Global spending on business travel is forecast to reach $1.12 trillion in 2013, a 5.4% increase from 2012, with travel spend stabilizing after a year rocked by worldwide economic and political uncertainty.

Steady business travel spending in the second half of 2013 is expected to lay the foundation for 8.2% growth in 2014, followed by 7.6%, 7.2% and 7.1% growth in 2015, 2016 and 2017 respectively.

The report, which details travel spending in 75 countries, along with the top industries, economic factors and characteristics that influence business travel, finds that developing markets around the world - particularly countries in the Asia Pacific and Latin America regions - will permanently reshape the business travel landscape.

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,...