At a cursory glance, the diagnosis for global corporate travel demand looks healthy. Global air traffic posted its strongest year-over-year growth since the recovery from the 2008 U.S. financial crisis, and hotels in many global regions are seeing record occupancies. At the same time, threats to that growth loom, and there are murmurs of a global recession on the horizon. While low oil prices can stimulate demand through lower travel costs, they also are causing heavy travel cutbacks from the energy sector. China’s behemoth economy, meanwhile, is teetering toward recession, which would bring global demand repercussions, as could the United Kingdom’s potential exit from the European Union later this year. The Zika virus, too, has emerged as a pandemic threat. On the hotel side, Marriott International president and CEO Arne Sorenson said room sales from the company’s 300 largest corporate customers rose 4 percent year over year during the fourth quarter. Removing energy and manufacturing companies from the equation, sales increased 7 percent. That growth is continuing this year, he said. “For February, transient revenue on the books is up nearly 4 percent to date. For the full year, special corporate customers tell us they expect to travel at least as much in 2016 as in 2015.” Get the full story at Business Travel News