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Financial impact of global travel decline expected to be 10x the Great Recession and 9/11 Alexandria, Virginia (February 2, 2021) – The Global Business Travel Association (GBTA) – the world’s largest business travel association – released its annual BTI™ Outlook, a detailed analysis of business travel in 2020, with projections for 2021 and beyond. The BTI Outlook, now in its 12 th year, is an exhaustive study of business travel spending and growth covering 75 countries across 48 industries.   The true global financial impact of COVID-19 began in Q2 2020, resulting in an expected 68% decline (to $738 billion USD) from April 1, 2020 to the end of the year. Because of the relatively strong (pre-COVID) first quarter of 2020, global spending on business travel is expected to show a 52% decrease for all of 2020 (to $694 billion USD), down from $1.4 trillion USD in 2019.

United statesAl iskandariyahNikki stimsonDave hilfmanDavid leibowitzGlobal business travel associationBiden administrationGreat recessionBusiness travel recoveryRockport analyticsCombined powerஒன்றுபட்டது மாநிலங்களில்நிக்கி ஸ்டிம்‌ஸந்டேவிட் லேய்பஒவித்ஜ்உலகளாவிய வணிக பயணம் சங்கம்நன்று மந்தநிலை