First, there was Brexit. Next came the Trump Administration’s first travel ban, which cost the United States $185 million in business travel bookings in one week. It was followed by a second travel ban, which like the first, was halted by court orders. After that, the United States Department of Homeland Security (DHS) barred passengers
Browsing tag: economic impact
European Companies Will Plan Significantly Less Meetings & Events in United States The Global Business Travel Association (GBTA), the voice of the global business travel industry, polled its U.S. and European members this week to assess the business travel impact of President Trump’s revised executive order on travel. Nearly 4 in 10 (37 percent) U.S.
If the typical Mexican business traveler were to set up an online profile, it might read, “successful, college educated, middle-upper management professional male seeks to contribute to $263.2 billion Mexican peso (MXN) industry through frequent, individual, overnight business trips to the South-Central region of the country.” Indeed, according to a recent study sponsored by the
The Mexican economy boasts a highly fluid and sophisticated economy with a free flow of goods, services and business travelers throughout the country’s various regions and states. Business travel itself is a huge driver of the country’s economic growth and health – accounting for $263.2 billion Mexican Pesos (about $15 billion) in 2015. A recent
Businesses Spend As Cities Are Showcased For Future Business Meetings and Events It’s too early to know whether the Denver Broncos or Carolina Panthers will be champions, but there is already one clear winner of Super Bowl 50: the San Francisco Bay Area. Already, business travelers are streaming into the Bay Area from across the
GBTA Conference 2015 Toronto wraps up today after three days of networking, education and discussion on key industry issues and trends. One of today’s highlights was a general session presentation from GBTA’s VP of Research Joe Bates talking about the economic impact of business travel on the Canadian economy. Richard Blackwell of The Globe and
The White House recently released its proposed fiscal year 2015 Federal Budget. Although there is no chance that Congress will pass the budget in its current form, it does provide us with a sense of the President’s travel-related priorities. But more importantly, it is a cautionary tale about the future without a comprehensive, long-term national