Spending on U.S. Business Travel Continues to Advance

July 17th, 2013 |

Rockport Analytics quarterly analysis of the U.S. business travel market – GBTA BTI™ Outlook – United States 2013 Q2, commissioned by the GBTA Foundation and sponsored by Visa, forecasts spending on U.S.-generated business travel will rise 4.3% to $273 billion in 2013.  This growth is mainly driven by domestic business travel, which has remained surprisingly resilient in the face of slow economic growth and slowing growth in corporate profits.  International outbound business (IOB) travel continues to under-perform, as our 2013 IOB spending forecast has been downgraded to $33.1 billion from a projected $33.3 billion in April, due to weaker economies in both Europe and China. Learn more.