The GBTA Convention has concluded in Orlando, FL, and several reports have already been released. Notably, the annual travel forecast detailed business travel spending in 75 countries across 48 industries over 15 years, including a rolling five-year projection.
Overall, the GBTA BTI Outlook – Annual Global Report & Forecast, predicted that global business travel spending will hit a record $1.25 trillion USD in 2015, 6.5 percent growth over 2014. Growth will remain strong through 2019, with business travel projected to grow 6.9 percent in 2016, 6.0 percent in 2017, 6.4 percent in 2018 and 5.8 percent in 2019.