GBTA Had Net Assets Of Nearly $6M Entering 2020

CORRECTIONS: The text immediately below originally misstated the 2019 revenue figure, now corrected. The headline also originally misstated net assets at year-end 2019.

The Global Business Travel Association in 2019 generated record revenue in excess of $26 million, up 13 percent year over year. Expenses increased too, though at a lower rate, producing a net result of about $2.4 million. That nearly doubled the association's coffers to more than $5 million coming into 2020. GBTA shared the financial info during a Monday business meeting, when it also announced two new board members.

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Author: David Jonas

David Jonas in 2006 co-founded business media firm ProMedia.travel after ten years as a journalist with Business Travel News. David rejoined BTN in 2010 as executive editor when its parent company acquired ProMedia, and in 2014 co-created The Company Dime. David has a bachelor's degree in communications from Cornell University.
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