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October 11, 2016

Stats and Trends: Getting the Most From Your Business Travel Spend

On the GBTA blog the GBTA Foundation has released a new webinar to help corporate travel managers in the coming year. 

Global Travel Price Outlook: Getting the Most from Your Travel Spend in 2017 drew on the GBTA Foundation’s 2017 Global Travel Price Outlook, which highlights six risks in the coming year that could drive business travel demand and prices:

1. Oil prices
2. Brexit fallout
3. Central bank policy
4. Exchange rate fluctuations
5. Emerging markets
6. Geopolitical events

Rockport Analytics Research & Insight VP Jon Gray touched on the significance of currency fluctuations in different markets, stressing the possibility of big implications as the buying power of the U.S. dollar improves. Global airline prices and hotel prices are expected to rise 2.5 percent, while global rental car prices are expected to remain flat. The GBTA forecasts moderate growth in meetings and events, with less events expected, but with more attendees. 

GBTA members may view webinars in full through the Hub.

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