The Business Travel Industry Bounces Back
When the recession happened several years back, the business travel industry, like so many others, took a big hit. However, after a strong recovery and widespread growth in recent years, the business travel industry has bounced back and is looking stronger as more companies look to turn travel investments into big wins for their businesses.
According to estimates by the Global Business Travel Association (GBTA), U.S. business travel industry spending will increase by 4.9 percent by the end of this year. On top of that, their 2016 forecast predicts an even greater increase in spending within the business travel industry. The GBTA predicts spend will increase by another 5.4%, from $302.7 billion in 2015 to $318.9 billion next year, in a reflection of business’s growing confidence in the overall global economy.1
The business travel industry, with travel management companies like American Express Global Business Travel, offers a great avenue to drive growth for business. are the ones who find and open up new opportunities for your business to move forward. At American Express Global Business Travel, we work to optimize your travel spend and help you get the most out of your important business travel investments.
This turning point in the business travel industry is one for us at American Express Global Business Travel, too. In May of this year, we made the decision to invest in a cloud-based business strategy in order to upgrade our infrastructure and stay at the forefront of the business travel industry, providing companies of all sizes and from all over the world with the highest quality products and travel management services. The future of the business travel industry is looking bright, and so is the future of American Express Global Business Travel.
Connect with one of our business travel experts today to learn more about how American Express Global Business Travel can lead your business travel program into tomorrow.
1 Global Business Travel Association, 2015: http://www.gbta.org/PressReleases/Pages/rls_070715.aspx