According to the GBTA BTI™ Outlook – Annual Global Report & Forecast travelers in Northern America spent $320 billion USD on business travel last year.
Business travel spending has grown at an average rate of 4.8 percent over the past four years. Western Europe and Northern America combined to make up half of the global spend in 2015 ($619 billion according to GBTA). Emerging markets struggled while key developed markets including the U.S., Germany, France and UK were steady. Continue reading