PYMNTS-MonitorEdge-May-2024

GBTA

Global Business Travel Spending to Surpass 2019 Record
Global Business Travel Spending to Surpass 2019 Record
July 22, 2024  |  Travel Payments

Global business travel spending is expected to reach a record high in 2024, exceeding the current record that was set in the pre-pandemic year of...

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GBTA, Visa Say Business Travel Rebounded Faster Than Expected
GBTA, Visa Say Business Travel Rebounded Faster Than Expected
August 14, 2023  |  Travel Payments

Business travel is bouncing back following a pent-up demand for in-person meetings and events as the world moves beyond the pandemic. This rebound is occurring...

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Business Travel Takeoff Looks Imminent as Conditions Improve — But Who Really Knows?
Business Travel Takeoff Looks Imminent as Conditions Improve — But Who Really Knows?
April 21, 2022  |  Travel Payments

Been seeing all the photos of people at live business events lately? It’s masks-off, flaps-up and stow-your-tray-table time for business travel, according to multiple reports...

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GBTA: Move 2020 Hotel RFP Process To Next Year
GBTA: Move 2020 Hotel RFP Process To Next Year
May 05, 2020  |  B2B Payments

The Global Business Travel Association (GBTA) is in favor of postponing the hotel request-for-proposal (RFP) process for corporate travel bids until 2021 due to the...

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Coronavirus Expected To Trigger $820B In Corporate Travel Losses
Coronavirus Expected To Trigger $820B In Corporate Travel Losses
March 11, 2020  |  Coronavirus

As the coronavirus continues to spread, international corporate trips have largely been suspended as the travel sector braces for an estimated revenue hit of $820...

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Corporate Travel Spend Isn’t Digitizing As Fast As Some Would Like
Corporate Travel Spend Isn’t Digitizing As Fast As Some Would Like
June 19, 2018  |  B2B Payments

B2B payments may be slow to embrace disruption and innovation, but there is one category of corporate spend that may be ahead of the curve:...

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The Global Travel Market Has A B2B Payments Fraud Problem
The Global Travel Market Has A B2B Payments Fraud Problem
February 27, 2018  |  B2B Payments

Business spend on travel reached $1.15 trillion in 2016, but companies aren’t always able to see where their dollars are going. That certainly presents problems...

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Corporate Travelers Want Tech To Solve Their Biggest Pain Points
Corporate Travelers Want Tech To Solve Their Biggest Pain Points
October 11, 2017  |  B2B Payments

A survey of business travelers conducted by the Global Business Travel Association suggests administrative tasks are only half the battle of taking a business trip....

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How To Get Employees To Spend Corporate Cash More Wisely
How To Get Employees To Spend Corporate Cash More Wisely
September 06, 2017  |  B2B Payments

Corporate spend on business trips is headed towards $1.6 trillion by 2020, according to the latest figures from the Global Business Travel Association (GBTA). The...

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