GBTA BTI™ Outlook – United States: 2013 Q4
Statistics & Metrics
Date: January 14, 2014
About this Resource
Business travel finished 2013 with stronger than expected growth and heads into 2014 with a robust outlook, propelled in part by strong investment in international outbound travel, a poorly performing sector over the previous two years. U.S. spending on international outbound travel should jump a hefty 12.5% in 2014 to $36.7 billion, after just 1.8% growth in 2013 and an anemic 0.8% expansion in 2012. This revival will be helped in particular by steady improvements in the Euro-zone, the U.S.'s largest trading partner.
Overall, U.S. business travel spending is expected to advance 6.6% to $289.8 billion in 2014,while total person-trip volume is expected to increase 1.7% to 461 million trips for the year.
The GBTA BTI™ Outlook - United States projects aggregate business travel trends over the next eight quarters. The report includes key buy-side metrics such as total business travel volume and spending, plus supply-side projections of changes in costs, across both transient and meetings travel. Releases are published on the second Tuesday of each quarter.