gbta global business travel forecast

The 2024 GBTA Business Travel Index Outlook - Annual Global Report and Forecast ("GBTA BTI™") is an exhaustive forecast of business travel spending and growth covering 72 countries and 44 industries.. Now in its 16 th annual edition, the GBTA BTI™ also includes survey data and analysis from 4,100 business travelers across five global regions, representing insights from employee ...

The 2023 GBTA BTI™ Outlook — Annual Global Report and Forecast is an exhaustive study of business travel spending and growth covering 72 countries across 44 industries. Now in its 15th edition, the report and companion database have become a critical planning tool

New research points to continued industry recovery, easing of supplier staffing constraints, and mixed outlook on China travel Global business travel is forecast to see an uptick in 2023 versus 2022. Companies are expected to send more employees on trips and travel suppliers anticipate an increase in corporate travel spending.…

2024 Global Business Travel Forecast. Now in its ninth year, the CWT GBTA Travel Price Forecast 2024 helps businesses understand market pricing for airfares, hotel room rates, ground transport and meetings and events. The forecast also explores where prices are heading, as well as the drivers of change. Through interviews with leaders at CWT ...

The GBTA CWT Global Business Travel Forecast 2023 marries expertly curated data and analysis with insight from experts in air, hotel, ground transportation and technology to help you navigate the impact of rising fuel prices, labor shortages and inflationary pressures. Understand, anticipate and adapt to an evolving travel landscape, and embed ...

By 2024, global business travel is forecast to have made a full recovery, ending the year at $1.48 trillion or just above the 2019 pre-pandemic spend of $1.4 trillion. In 2025, global business ...

Global Business Travel Forecast 2023: Bookings, Spending and Optimism on the Upswing, GBTA Poll Shows New research points to continued industry recovery, easing of supplier staffing constraints ...

The global average ticket price (ATP) of flights booked for business travel rose dramatically in 2022, experiencing record price increases. The ATP rose by 72.2% YoY to $749 in 2022, far surpassing 2019 levels ($670). While demand has recovered strongly with passenger numbers quickly approaching pre-pandemic levels, driven primarily by pent-up leisure travel demand, airline capacity continues ...

The global business travel industry has rebounded at a more accelerated rate than expected a year ago and is now expected to both surpass its prepandemic spending level of $1.4 trillion in 2024 and grow to nearly $1.8 trillion by 2027, according to 2023 GBTA Business Travel Index Outlook—Annual Global Report and Forecast.

GBTA further forecasts that business travel spending will rise to $1.8 trillion by 2027. However, the association warned that the expansion of remote working could slow growth, the widespread adoption of virtual meeting technologies, and increased focus on sustainability initiatives.

In its newly released BTI Outlook, the Global Business Travel Association (GBTA) reports that the business travel recovery in 2021 proceeded at a slower, more cautionary pace than expected from a year ago. ... In 2025, global business travel growth is forecast to slow to 4.3%-just below the 10-year average growth rate of 5.1% coming into 2020 ...

GBTA's mission is to continue being the leading source of business travel knowledge worldwide. This knowledge is created through education, research, networking and advocacy delivered on demand. ... 2023 Business Travel Index Outlook 2023 Global Business Travel Forecast Toolkits & Libraries Member Toolkit My Stuff Leaderboard My Notifications ...

This is a central finding from the latest 2022 GBTA Business Travel Index Outlook - Annual Global Report and Forecast published by GBTA and made possible by Mastercard. Unveiled today at the 2022 GBTA Convention taking place in San Diego, the GBTA BTI is an annual exhaustive study of business travel spending and growth covering 73 countries ...

By 2024, global business travel is forecast to have made a full recovery, ending the year at $1.48 trillion or just above the 2019 pre-pandemic spend of $1.4 trillion. In 2025, global business travel growth is forecast to slow to 4.3 percent, just below the 10-year average growth rate of 5.1 percent coming into 2020, ending the year at a ...

Together with Richard Johnson, VP, Solutions Group CWT they led a full audience at the Global Business Travel Association (GBTA) Convention leading up to the 10th anniversary launch of the CWT GBTA Global Business Travel Forecast 2025. The session examines the economic, geopolitical and industry supply and demand dynamics to reveal how 2024 ...

Tourism Forecast. The 2020 GBTA BTITM Outlook - Annual Global Report and Forecast is an exhaustive study of business travel spending and growth covering 73 countries across 44 industries. Now in its 12th year, the report and companion database have become a critical planning tool throughout the industry.

As of mid-2023, it was estimated that the global business travel spending at the end of that year would amount to nearly 1.4 trillion U.S. dollars. By 2027, this figure is projected to reach ...

This is according to the Global Business Travel Association (GBTA), ... In 2025, global business travel growth is forecast to slow to 4.3%-just below the 10-year average growth rate of 5.1% coming into 2020-ending the year at a forecasted $1.5 trillion. However, persistent COVID-related threats and disruptions, supply chain strains, labor ...

In Hotel Monitor 2024, the American Express Global Business Travel (Amex GBT) Consulting team sets out our forecast for hotel prices in the world's key business destinations. We also explore the factors driving price and offer strategic advisory to help you build a strong accommodation program. For bespoke insights you can use to optimize ...

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2024 Business Travel Forecast-Andrew Menkes, Partnership Consulting Mostly cloudy with a chance of mergers/acquisitions and disintermediation. Industry Veteran Andy Menkes will share his insights on how our recent history will drive future events. Many of those events are in play now in 2024 and will be more apparent over the…

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Saint Petersburg, FL Weather Forecast, with current conditions, wind, air quality, and what to expect for the next 3 days.

Course Overview The Certificate in Corporate Travel Execution, in collaboration with Cornell University's Executive Education Division, is a tailored education program designed for both corporate buyers overseeing managed travel programs and travel product and service suppliers. This program offers a virtual classroom experience focused on key business travel topics such… %