Two Minute Tips

Business travel spending to rise in 2015

March 30, 2015

Share this article:

Many companies put the brakes on business travel in the wake of the recession, seeing it as an easy way to save money. But business travel has been on a roll for the past couple of years, and it is expected to keep rising in 2015.

U.S. business travel is expected to rise 6.2 percent to $310.2 billion in 2015, according to a study by the Global Business Travel Association Foundation. And, trips are going up, as well. The GBTA Foundation estimates that there will be 490.4 million business related trips this year, up 1.7 percent.

The main reason: lower oil prices are expected to lead to increased consumer spending, boosting the kind of economic projects that involve business travel. That’s despite an overall weak global economic outlook, with trouble in Europe, Asia and Russia.

In 2014, the number of trips was up 1.4 percent over 2013. One of the biggest drivers in rising travel in 2014 was plummeting oil prices, which created favorable business trip conditions. 2014 was a comeback year for international outbound business travel, growing 6 percent in volume year-over-year, after falling 1 percent in 2012 and rising only 1.1 percent in 2013.

Although U.S. business travel is expected to be strong, global economic growth remains in a weakened state, the study found.

Europe – especially Russia – is barely treading water, China’s growth is moderating, Japan’s challenges continue and emerging markets are awaiting more robust performance from the developed world. So, you might find a different picture for companies whose employees travel mainly in the U.S., and those with operations abroad.

For story ideas, check in with the business travel staff at your area companies. Universities are also big sources of business travel. And, you might ask entrepreneur groups in your area what kind of travel their members are doing.


 Global Business Travel Association

 GBTA BTI Outlook – United States

 Association of Corporate Travel Executives

 U.S. Travel Association

More Like This...

Covering airlines after COVID-19

The airline industry creates 11.3 million direct jobs and contributes $961.3 billion to the global GDP. The industry as a whole is a big economic driver for countries all around

EVs: The business of the electric revolution

Pollution is increasingly seen as a major downside to traditional automobiles. According to the United States Environmental Protection Agency (EPA), a typical passenger vehicle emits around 4.6 metric tons of

Two Minute Tips

Sign up now.
Get one Tuesday.

Every Tuesday we send out a quick-read email with tips for business journalism.

Subscribers also get access to the Tip archive.

Get Two Minute Tips For Business Journalism Delivered To Your Email Every Tuesday

Two Minute Tips

Every Tuesday we send out a quick-read email with tips for business journalism. Sign up now and get one Tuesday.

Our New Look
The Reynolds Center for Business Journalism is starting 2023 with a new look that we hope better illustrates our core mission to provide accurate and authoritative resources about business journalism, in order to help both reporters and news consumers understand the importance of business news and to demystify the sometimes arcane topics it covers.
Businesses, markets, and economies move in cycles – ups and downs – which is why our new logo contains a “candlestick” chart representing increases as well as downturns, and serves as a reminder that volatility is an unavoidable attribute of modern life. But it’s also possible to prepare for volatility by being well informed, and informing the general public to help level the information playing field is the primary goal of business journalism. The Reynolds Center is committed to supporting that goal, which is why the candlestick pattern in our logo merges directly into the name of our founding sponsor, Donald W. Reynolds.
Our new logo comes with a shorter name. Business is borderless, and understanding the global links in supply chains, trade, and flows of funds and people is essential to make sense of our fast-paced, globalized world. So we’re dropping the word “National” from our name and will aim to provide content that is applicable to business news globally.
We hope you like the new look. Best wishes for 2023!