News & Articles - business travel

  • Business Travel Recovery Outlook Positive

      Leisure travel comprised the main driver of travel over the past two years, hitting pre-pandemic levels in 2022 with $72.4 billion in revenue, according Destination Canada. Corporate travel is finally starting to pick up too — a critical factor in filling hotels, restaurants and conference centres outside of peak months in the summer and winter holidays. Total spending by business travellers will recover to $14.4 billion in 2024, reaching 102 per cent of 2019 levels, but will still lag…

    Corporate Travel & Incentives, Uncategorized

  • 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…

    Breaking News

  • business Canadian

    Canadian Corporate Travel Concerns

      New research from SAP Concur reveals the most pressing challenges facing Canadian business travellers today. Serving as an annual touchpoint to assess the realities of the business travel landscape, the survey uncovers how factors including economic inflation, job security, and safety concerns are impacting corporate travel. The survey polled 3,850 business travellers in 25 global markets which includes 250 respondents within Canada. The top Canadian findings include: Job Security Dependent on Business Travel Even as the logistics of business travel become…

    Industry Research, Meeting Community

  • New Hotel Projects Remain Robust

      Tourism is steadily improving in Canada as both domestic and foreign travellers support a much-needed recovery back to pre-pandemic levels. With hotel occupancies inching up in 2022, hotel construction projects in Canada have never been higher – another positive sign that the hospitality market is rebounding. According to industry analysts Lodging Econometrics (LE), the forecast is for Canada’s hotel construction pipeline to remain strong throughout 2023 despite recent interest rate increases. The top cities in Canada for hotel construction at…

    Corporate Travel & Incentives

  • The Role of Travel Managers Changing

      During the coronavirus pandemic, travel disruption was felt globally as lockdown measures kept most people at home. Border restrictions, to limit the spread of the virus, further compounded the situation. The massive shutdown cost countries billions of tourism dollars with the travel industry among the hardest hit by COVID. Not surprisingly, business travel and the role of travel managers have changed significantly over the last two years. As business travel returns, many are questioning what changes will become permanent,…

    Corporate Travel & Incentives, Travel Tips & News

  • prices

    Business Travellers to See Higher Prices

      Global travel prices are predicted to continue to increase in the remaining months of 2022 and throughout 2023, according to the 2023 Global Business Travel Forecast, published by CWT, the B2B4E travel management platform, and the Global Business Travel Association (GBTA), the voice of the global business travel industry. Rising fuel prices, labour shortages, and inflationary pressures in raw material costs are the primary drivers of the expected price growth, according to the report, which uses anonymized data generated…

    Breaking News

  • westjet expansion winter

    Westjet Sun Routes Returning in Winter

      WestJet revealed the return of 17 sun routes to its network this winter with destinations ranging across Caribbean, Mexico and US. The returning routes which were suspended for more than two years, bring enhanced connectivity and vacation options for Canadians and communities across the airline’s network. “The restart of these routes is another positive step in the restoration our network as we solidify WestJet as the reliable, friendly and affordable airline we are known to be,” said John Weatherill, WestJet…

    Breaking News

  • sustainability

    GBTA Releases Sustainability Study

      Much of the global business travel industry has already made sustainable business travel a priority with a focus on reducing emissions and its environmental footprint. But the industry as well as external stakeholders, such as policymakers, recognize more needs to be done. These are just some of the insights from an extensive, landmark research study released called –“The State of Sustainability in the Global Business Travel Sector”— from the Global Business Travel Association (GBTA). The report reveals barriers to achieving more sustainable business…

    Breaking News

  • Travel Tests Remain a Barrier to Recovery

      As COVID-19 cases continue to decline across Canada and restrictions are eased, the meetings and events industry is eager to see the restart of corporate meetings, conferences and conventions. But a major barrier remains to fully welcoming back visitors and attendees. While the federal government took a step in the right direction by allowing the use of rapid antigen tests for pre-departure as of Feb. 28, it is still not enough, according to travel and tourism leaders. Bridgitte Anderson,…

    Corporate Travel & Incentives, Meeting Community, The Business of Meetings

  • andrew Siegwart

    Michele Saran is CEO of Explore Waterloo

      Michele Saran has been named the new chief executive officer (CEO) of Explore Waterloo Region. Saran comes to Waterloo Region after serving as the CEO of Tourism Nova Scotia. There she was focused on establishing strong relationships with industry stakeholders, making research-based decisions and leveraging local, regional and national partnership opportunities to support and grow Nova Scotia’s tourism economy. Prior to COVID-19, the province broke records for both revenue and visitation following the strategy which she worked to create.…

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