Articles tagged “gbta”

Why 2022 could be a bumper year for company-sponsored working holidays that fend off pandemic-induced exhaustion.

Inflation for travel sectors like hotels isn't a cause for concern at the moment, as it continues to signal demand is returning from record-low performance seen in the early months of the pandemic.

This is a cruel blow for an event that was designed to instill confidence in corporate travel, after the Global Business Travel Association's successful U.S. edition in Orlando.

Companies shouldn't underestimate the knock-on effect of this year's labor crisis, and this new report is a timely heads-up to help them better manage their costs next year.

The Global Business Travel Association has had a rough ride over the past two years. Its convention in Orlando later this month represents a chance to turn a corner, and it wants to bring the industry along with it.

Development interest, occupancy rates, and even business travel are on the rise around many parts the world where borders are reopening. But a zero-tolerance approach to coronavirus is putting some of China's largest cities through even more tough times.

Tourists will be footing the higher rate with a new "ultra" long-haul tax as part of plans to reduce emissions just as international travel is starting to ramp back up. Still, many businesses will welcome the reduction in passenger taxes on short-haul flights.

Don’t expect an immediate return to 2019 levels of business travel traffic despite the hype in the buildup to the U.S. reopening borders on November 8.

Be wary of everybody’s favorite word at the moment: pent-up demand. Your typical leisure traveler can book a trip and pack their bag in minutes, but companies will keep employees on a tight leash for years to come.

It’s hard to get a true sense of what future business travel demand will look like until international borders reopen and people can return to the office. But it is time to temper the optimism on any significant recovery happening by the end of the year. CEOs seem to finally get this.