GBTA Report: US Business Travel Spending to Increase in 2014

U.S. spending on international outbound business travel should jump a hefty 12.5 percent in 2014 to $36.7 billion, after just 1.8 percent growth in 2013 and only 0.8 percent expansion in 2012. This revival will be helped in particular by steady improvements in the Euro-zone, the U.S.’s largest trading partner.

Overall, U.S. business travel spending is expected to advance 6.6 percent to $289.8 billion in 2014, while total person-trip volume is expected to increase 1.7 percent to 461 million trips for the year, according to the GBTA BTI Outlook – United States 2013 Q4, a report from the Global Business Travel Association (GBTA) sponsored by Visa, Inc.