So Far, So Good for Business Travel: Moderate but Steady Growth Continues in Q1

Business travel is showing signs of moderate but stable growth for the coming year, according to the latest Business Travel Quarterly Outlook – United States from the Global Business Travel Association (GBTA), sponsored by Visa.  The report shows that the business travel market has stabilized, but the outlook for international outbound travel is troubling due to the ongoing uncertainty of the European debt crisis and rising oil prices.
 
GBTA continues to believe business travel will reach its pre-recession levels by the middle of 2012, with measured growth throughout the year as economic headwinds persist.  GBTA forecasts that business travel spend will increase by 4.6% in 2012 on a slight (0.8%) decline in person-trips.  As an economic indicator, the steady growth of business travel spend has continued to track accurately against job growth in the U.S. over the last twelve months.


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