Currently, the GBTA Foundation in partnership with Visa works to produce eleven GBTA BTI reports each year detailing business travel spend around the world.
The research partnership produces The GBTA BTI™ Annual Global Report and Forecast: 2012-1016, the quarterly GBTA BTI™ Outlook: United States, and the semi-annual outlooks for Brazil, China and Western Europe (focusing on Germany, the United Kingdom, Italy, France and Spain). In 2014, semi-annual outlooks for Russia and India will be added. The reports project aggregate business travel trends over the next eight quarters.
Each report is designed to provide corporate travel professionals and the business community insight into the short and long term trends in both domestic and international outbound business activity. GBTA BTIs™ have found that each country has a strong correlation between domestic business travel and employment figures, as well as international outbound travel and exports.
“The BTI™ Outlook: Russia report will help travel program managers, service providers, governments and travelers react to changes in the business travel market,” said Paul Tilstone, GBTA senior vice president of global operations. “Going forward, these reports will give the industry a stronger understanding of the constantly changing needs of business travelers.”
Russia is an important, growing market amongst global players in the world of business travel. According to the latest Global BTI™, it is clear that business travel spending is expected to grow across the globe, and the chart below shows that BRIC nations can generally expect to see much stronger growth in business travel spending compared with more established markets like the U.S. and Western Europe.
CONTACT: Paul Tilstone +447714225853 firstname.lastname@example.org
About the Global Business Travel Association
The Global Business Travel Association (GBTA) is the world’s premier business travel and meetings organization. Collectively, GBTA’s 6,000-plus members manage over $340 billion of global business travel and meetings expenditures annually. GBTA provides its network of 21,000 business and government travel and meetings managers, as well as travel service providers, with networking events, news, education & professional development, research, and advocacy. For more information, visit gbta.org
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