by Cheryl-Anne Sturken | April 09, 2014
The Global Business Travel Association has increased its business travel forecast significantly for 2014. According to the revision, which GBTA said was driven in large part by healthy corporate profits, rising management confidence and increased job development, U.S. business travel spending now is expected to rise 7.1 percent this year to $293.3 billion, with road warrior trips increasing 2 percent to 464.7 million trips. Group travel numbers also were revised: According to GBTA's new forecast, group travel will increase 7 percent in 2014 to $126 billion, up from the 6.5 percent it had predicted in the last quarter of 2013.