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Business Travel Beats 2011 Expectations, Heads into 2012 with Steady Growth Outlook

January 17, 2012 Comments off
Business travel finishes 2011 with stronger growth than expected and the industry will see steady expansion in 2012 that is greater than anticipated GDP growth, according to the latest Business Travel Quarterly Outlook – United States from GBTA, sponsored by Visa. Despite the uncertainties in the global economy, the business travel environment will remain healthy.
2011 closes with what turned out to be a stronger year than expected for business travel. Person-Trip volume is up 3.1% in 2011 Q3 while total business travel spending is up 8.3% for the quarter. Total Person-Trip volume will hit 446.5 million and total spending on business travel will reach $251.9 billion in 2011, up 2.1% and 7.6% respectively.
2012 will continue to see more measured growth as economic headwinds persist.  GBTA forecasts that business travel spend will increase by 4.6% in 2012 on a slight (0.8%) decline in person-trips.
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