Global business travel spending is forecast to increase by 7.1 percent in 2018 and will expand to $1.7 trillion by 2022, according to the GBTA BTI Outlook – Annual Global Report & Forecast. GBTA is the Global Business Travel Association (GBTA). Spending reached $1.33 trillion in 2017, an increase of 5.8 percent over 2016 levels. The report pointed to moderate growth in business travel since 2012, with the years   2017-2018 projected to be the strongest two-year period since the Great Recession in 2010 and 2011. In 2018, GBTA expects 18 out of the top 20 business travel markets to outpace their growth average over the last five years. On average, GBTA projects global business travel to expand by 5.2 percent annually over the forecast horizon. Michael McCormick, COO, said the pick-up in growth could signify an end to an “era of uncertainty,” but added that the direction of trade policy is “far and away the biggest wild card that could impact our forecast for global business creating uncertainty that could derail the recovery.”