GBTA: Business travel slows as spending rises

National Report – According to a report released by the Global Business Travel Association, business travelers spent an estimated $72.8 billion on U.S.-originated travel during Q2 2014, a 7.1-percent rise year-over-year.

The GBTA BTI Outlook – United States 2014 Q3 report found that the rise in spending comes despite a 0.1-percent reduction in the total number of business trips taken in the second quarter. Additionally, group business travel is expected to decline 3.3 percent during the 2014 calendar year, while spending on group business travel is expected to increase 5.9 percent.

Suggested Articles

Reports suggest that Japan's SoftBank will buy out stakes of the economy startup's other investors.

CDL subsidiary Agapier Investments plans to acquire the entire issued and to-be-issued ordinary share capital of Millennium & Copthorne Hotels.

From RevPAR to financing trends, here are the top things to know from the recent Meet the Money conference.