By James Wilkinson at GBTA in San Diego
The Global Business Travel Association (GBTA) is forecasting corporate travel spend to reach USD$1.12 trillion in 2013, according to a new report released in the United States last week.
The ‘GBTA BTI Outlook – Annual Global Report and Forecast’, which details spending in 75 countries, was released at the GBTA Convention in San Diego on August 6 where around 7000 delegates were gathered at the world’s largest business travel event.
The USD$1.12 trillion spending mark this year is on the back of an expected 5.4% increase on 2012, and growth is also expected in the coming years.
America leads the way with $262 billion in business travel spend (up 4.4%), while Australia is in 12th with $21.1 billion (up 2.8%).
To find out more, HM spoke exclusively on camera to the GBTA’s Vice President of Research, Joseph Bates and to view the video, click on the YouTube image at the top of the page.