May 12, 2025 · the global business travel market size was valued at usd 1,380. 00 billion in 2023. The market is projected to grow from usd 1,483. 09 billion in 2024 to usd 2,765. 34 billion by 2032, exhibiting a cagr of 8. 10% during the forecast period. Asia pacific dominated the business travel market with a market share of 37. 15% in 2023. Apr 10, 2023 · the third edition of deloitte’s corporate travel study indicates business travel continues to climb in the united states and europe, but likely faces a limited upside. As trip volume increases, travel managers face high prices, tough supplier negotiations, and sustainability mandates.
Mar 28, 2024 · over the next 10 years, business travel spending increased by 63% and peaked at $1408 billion in 2019. From 2019 to 2020, business travel spending dropped 53% due to pandemic travel bans. May 28, 2025 · quickly decode business travel management industry terms that may be new—or new to you. Making informed decisions based on relevant stats can save you time, money, and the. Dec 8, 2024 · global business travel spending is highly concentrated in a few countries with industrial economies, with china and the united states far outpacing the rest of the world. Here are the top 15 countries for business travel spending according to the 2023 business travel index outlook from the gbta. 6 days ago · u. s. Travel is the authoritative leader in travel research. You will receive valuable data, trends and insights to assist you in strategically planning your marketing efforts, efficiently spend your travel promotional funds and make better educated business decisions. Jul 16, 2024 · findings from the fourth edition of deloitte’s surveys of travel managers, travelers, and budget owners (fielded between may 8 and june 3, 2024) indicate that corporate travel spend could grow by 8% to 12% in 2024.
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