Business travel growth will slow down, travel group predicts

10/12/2011 | Travel Weekly

The latest Business Travel Quarterly Outlook by the Global Business Travel Association predicts a slowdown in business travel growth in 2012 because of a cautious stance among corporations. GBTA expects corporate travel spending to rise 6.9%, to $250.2 billion, this year and 4.3%, to $260.9 billion, in 2012. "Uncertain economic conditions around the world continue to impact companies, which in turn impacts business travel plans and can lead to hesitation in spending," said Michael McCormick, chief operations officer and executive director at GBTA.

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