Business Travel Ready to Take-Off in 2017
Despite a mixed first-quarter earnings report, Delta Air Lines is forecasting a bullish year for business travel in 2017. While the carrier’s total passenger revenue dropped 1 percent year-over-year to $7.7 billion in the first-quarter, the airline predicts business demand will remain strong and plans to focus on improving domestic business yields.
Spending associated with business travel fell 0.2 percent in 2016, according to the Global Business Travel Association. This year however, the organization—like Delta—has a positive outlook for corporate travel.
The latest forecast from the GBTA projects consumers will spend 4.4 percent more on business travel in 2017, or $296.1 billion total—up from $283.6 billion in 2016.
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