Future growth in business travel spending and the number of trips taken would be impacted – but would not force an overall market decline – by a short-term oil price spike, according to new research from the Global Business Travel Association Foundation), the research arm of the Global Business Travel Association.
The findings show that the critical contribution business travel makes to economic growth would likely support to continued investment in travel, even in the face of substantially higher fuel costs. These findings were released in a new report, What Does Triple Digit Oil Mean for Business Travel, announced today at the GBTA Strategic Travel Symposium event in New York City.
