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GBTA Survey Shows Oil Price Concern

The Global Business Travel Association (GBTA) released findings from a survey of travel managers about the current crisis in the Middle East and its impact on travel costs. 

Some 91 percent of respondents said they are concerned about the impact of rising oil prices on travel costs as a result of the current political crisis, with nearly half (45 percent) reporting that they are very concerned.

 One in two travel managers (49 percent) said their company has been impacted negatively by the crisis, and nearly half (47percent) reported that employees have experienced travel disruptions, including the need for evacuation.