US Business Travel Industry Poised to Build on 2014 Gains

January 20th, 2015 |

Rockport Analytics quarterly analysis of the U.S. business travel market – GBTA BTI™ Outlook – United States 2014 Q4, commissioned by the GBTA Foundation and sponsored by Visa, forecasts spending on U.S.-generated business travel will rise 6.2% to $310 billion in 2015.  Growth will primarily be driven by domestic business travel as the US economic recovery continues to gain steam.  Spending on international outbound business travel from the US is also expected to see gains in 2015, although downside risks remain in key global economies in Europe, Asia and Latin America.  Business travelers will benefit from slowing price growth as plummeting oil prices will help to curb travel price inflation to 2.6% through 2015. Learn more.