Report: Business travel accounted for 3 percent of GDP in 2012
Wednesday, March 26, 2014 3:53 PM
Business travel was responsible for about 3 percent of U.S. gross domestic product in 2012, according to a report released today by the Global Business Travel Association Foundation. The report said the nation's businesses spent $384 billion to send employees on the road on 452 million business trips, and said that the business travel industry supports 7.1 million jobs and generated $118 billion in federal, state and local taxes. The Global Business Travel Association Foundation is a 501(c)(3) nonprofit that serves as an education and research resource for the business travel industry. The full report is only available to association members, but for more information, see the press release online.