News & Articles - business spending

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    Business Events Have Major Economic Impact

      The Events Industry Council (EIC) has released the 2026 Global Economic Significance of Business Events Study Executive Summary, produced in association with Oxford Economics. The study provides a comprehensive view of the scale, scope and impact of business events worldwide, measuring activity across more than 180 countries. According to the study, business events generated US$1.3 trillion in direct spending worldwide in 2025 – 12.2 per cent higher than pre-pandemic 2019 levels. Including indirect and induced impacts, the sector supported…

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  • Business Travel Spending To Accelerate

      Worldwide spending on business travel will top pre-pandemic levels next year and accelerate to nearly $1.8 trillion in 2027, according to the Global Business Travel Association’s annual outlook. The GBTA Business Travel Outlook (BTI) is an annual exhaustive forecast of business travel spending and growth covering 72 countries and 44 industries. The global business travel industry has rebounded at a more accelerated rate than expected just a year ago and is now expected to surpass its pre-pandemic spending level…

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