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Corporate Worldwide travel spend to hit $1.3 Trillion

Global business travel spend topped $1.2 trillion USD in 2015, growing 5% over 2014, and is forecast to reach 1.3 trillion in 2016, according to the “GBTA BTI Outlook – Annual Global Report & Forecast,” a new report released by the Global Business Travel Association (GBTA) Foundation and sponsored by Visa Inc.

Sustained economic uncertainty and mixed results among the major business travel markets will drive continued moderate growth, but as GBTA looks ahead towards 2020, it expects there will be a difference in the relative performance of business travel markets around the globe, according to the company.

The annual forecast was compiled before the U.K. voted for Brexit on June 23, but the added uncertainty the vote brings will likely make its mark felt on business travel. The financial upheaval and pending changes to trade and immigration rules will raise management heartburn causing some postponement, and even outright cancellation of business trips, according to the GBTA. It may also trigger travel budget constriction as management seeks to hedge the uncertainty.

“While overall growth has remained steady despite global uncertainties, signs are good for a solid end to the decade as we approach 2020,” said David Henstock, vice president of Global Business Solutions at Visa Inc. “Business travel has continued to evolve as the world is becoming more connected, and the transition to electronic payments will help businesses reduce costs and pay for travel expenses more efficiently.”

At Green Motion car hire we understand that business can often be unpredictable and last minute changes to your travel plans are often unavoidable. That's why we work with companies to develop a rental program to suit your individual businesses' needs.

Our programs are designed to ensure vehicle rentals are available when you want them and where you want them, allowing your business to concentrate on more important matters while you do your bit for the environment.

Many responsible and forward thinking companies and organisations are pro-actively searching for ways to reduce their impact on the environment. Many areas are being addressed, such as the use of green energy and recycling initiatives, however, until now, there has been little or no choice in reducing carbon emissions relating to the rental or leasing of cars and vans.

Green Motion International offers its car hire throughout the world with our brand currently being present in 25 countries, meaning you can enjoy our low emission car hire service in Belgium, Bosnia and Herzegovina, Canada (Toronto), Costa Rica, Croatia, Cyprus, Czech Republic, Finland, Greece, Iceland, Ireland, Italy, Jordan, Latvia, Lithuania, Malta, Mexico, Montenegro, Netherlands, Poland, Romania, Serbia, St Maarten, United States (San Diego, Miami, Orlando) and the United Kingdom (London Heathrow, London Gatwick and London Stansted) with further locations opening worldwide in the very near future.

For more information on how Green Motion can work with your business, visit greenmotion.com or call +44 (0) 2071864000.