President Trump’s targeted travel ban could cool demand for business travel for the long term the Global Business Travel Association says.
A survey of GBTA members found 31% expect business travel to be impacted over the next three months.
Nearly as many (28%) also think the impact will linger on to the end of the year and beyond.
Trump’s executive order imposed a 90-day ban on travel to the US from Iran, Yemen, Iraq, Syria, Sudan, Somalia and Libya.
Nearly two-thirds of members fear other countries could retaliate by banning US nationals, which could severely hamper international business.
Also, 54% fear the ban could increase threats to US citizens traveling overseas
"Business travel drives lasting business growth and is a leading indicator for jobs. With 30 percent of companies expected to reduce travel, the economy will certainly take a hit," GBTA executive director and COO Michael McCormick said in a statement.
