An improving economic outlook with business and consumer confidence at the rise is anticipated to raise business travel in 2013, leading the worldwide Business Travel Association to upgrade its forecast for the year.  Stronger corporate profits, increasing job development and enhancements in key export markets are fueling business travel spending after a sluggish fourth quarter that was dampened by political uncertainty as a result of “fiscal cliff” debate. According to the GBTA BTI™ Outlook – U.s.a. 2013 Q1, a report from the worldwide Business Travel Association sponsored by Visa, Inc., U.S. business travel is now expected to rise 5.1% in 2013 to $268.5 billion, that’s an upgrade from the 4.6% growth to $266.7 billion that GBTA predicted last quarter and a considerable increase from 1.8% growth in 2012. GBTA’s forecast...
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The Global Business Travel Association (“GBTA”), the world’s premier business travel and company meetings organisation, has released its latest GBTA BTI™ Outlook report on Brazil as portion of its semiannual series.  Sponsored by Visa, key highlights include: *  GBTA BTI™ indicates that strengthening domestic and global economies will place Brazil on a robust growth path in 2013, with the index increasing by over 40 points*  Brazilian total business travel spending is predicted to grow 14.3% in 2013 to $34.5 billion*  Domestic business travel spending has grown 8.3% a year over the past 12 years, and is forecast to grow 12.9% to $27 billion in 2013*  International outbound travel spending is on course to expand by 20.2% in 2013, reaching $7.1 billion*  Demand for hotel rooms and air travel have been...
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