---
title: "Study: Business Travel Spending Projected to Rise"
id: "18476"
type: "post"
slug: "study-business-travel-spending-projected-to-rise"
published_at: "2013-07-17T16:11:39+00:00"
modified_at: "2026-11-09T19:07:32+00:00"
url: "https://associationsnow.com/2013/07/17/study-business-travel-spending-projected-to-rise/"
markdown_url: "https://associationsnow.com/2013/07/17/study-business-travel-spending-projected-to-rise.md"
excerpt: "The Global Business Travel Association is projecting that spending on business travel will increase 4.3 percent this year compared to 2012."
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taxonomy_post_tag:
  - "Ad Spending"
  - "AssociationsNow"
  - "Business"
  - "economy"
  - "Meetings"
taxonomy_content_format:
  - "Article"
taxonomy_role:
  - "C-Level"
  - "Executive Team"
  - "For-Profit CEO / President / Owner / Partner"
  - "VP"
taxonomy_persona:
  - "Industry Professionals"
---

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 » Study: Business Travel Spending Projected to Rise

A study by the Global Business Travel Association projects spending on business travel will continue to rise, boosted in large part by domestic travel.

The [“GBTA BTI Outlook – United States 2013 Q2,” (opens in a new tab)](http://www.gbta.org/foundation/pressreleases/Pages/rls_070913.aspx)
 sponsored by Visa, found that overall business travel spending for 2013 is expected to reach $273.3 billion, up from last quarter’s forecast of $268.5 billion and a 4.3 percent increase over 2012.

“With the U.S. economy moving into a more stable growth mode, companies are seizing on opportunities closer to home,” Michael W. McCormick, the GBTA’s executive director and COO, said in a statement. “The rise in domestic business travel spending is a positive sign of increasing business confidence and bodes well for future employment growth.”

Other highlights from the study:

- “Real” travel spending growth per trip—the increase after accounting for travel price inflation—is projected to reach 1.3 percent, compared with only a 0.3 percent bump in 2012.

- Group travel spending should grow by 5.3 percent to $117.1 billion.

- Group travel volume will drop 0.3 percent to $166 million, “driven by some continued corporate constraints on meetings activity.”

(iStockphoto/Thinkstock)

[Daniel Ford](https://associationsnow.com/author/daniel-ford/)

Daniel Ford is a contributor to Associations Now.

[More articles by this author](https://associationsnow.com/author/daniel-ford/)

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 [#Business](https://associationsnow.com/tag/business/)
 [#economy](https://associationsnow.com/tag/economy/)
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