Global business tourism spending was estimated to reach approximately **** trillion U.S. dollars in 2024, surpassing pre-pandemic levels. Business travel is a branch of the tourism industry focusing on trips made for work-related purposes. Attending congresses, meetings, and trade fairs, for instance, are among the main activities related to this market.

China is expected to be the world's leading business travel market in 2024, with an estimated total travel spending of almost *** billion U.S. dollars. The United States ranked second in the list. In that year, the global business travel industry recovered fully after the effect of the COVID-19 pandemic.

Various U.S. companies have adopted different sustainability measures to be kept by their employees when traveling for work. According to a 2024 survey, chainwide sustainability standards were mandatory in 26 percent of companies studied in the North American country. Another 39 percent of responding companies had made information about sustainable aviation fuel available in their booking engines.

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Business Travel Market Size 2025-2029

The business travel market size is forecast to increase by USD 4867.6 billion, at a CAGR of 38.3% between 2024 and 2029.

The market is experiencing significant shifts, driven by the increasing adoption of advanced technologies and the evolving preferences of consumers. Technological innovations, such as online travel agencies and digital booking platforms, are revolutionizing the way businesses plan and manage their travel arrangements. This trend is further fueled by the growing popularity of online video conferencing platforms, enabling remote work and virtual meetings, thereby reducing the need for extensive business travel. Meanwhile, challenges persist in the form of data security concerns and complex travel policies. With the rise of digital booking platforms, ensuring secure transactions and protecting sensitive business data becomes paramount.
Additionally, managing complex travel policies across diverse teams and locations can be a daunting task, requiring robust solutions to streamline the process and maintain compliance. Companies seeking to capitalize on the opportunities presented by the evolving business travel landscape must focus on addressing these challenges effectively, while leveraging technology to enhance travel management efficiency and productivity.

What will be the Size of the Business Travel Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, with dynamic market activities shaping the landscape across various sectors. Premium economy travel and loyalty programs are increasingly popular, offering enhanced comfort and rewards for frequent business travelers. Flight booking and travel procurement platforms streamline the process, while travel agent services provide expert assistance. Eco-friendly travel options gain traction, aligning with sustainability initiatives. Travel reporting and analytics enable effective business travel management, ensuring policy compliance and cost control. Business class travel, travel concierge services, and ground transportation options cater to the needs of corporate travelers.

Travel technology advances, integrating travel policy compliance, travel risk management, and expense management systems. Bleisure travel, frequent flyer programs, travel rewards, and travel technology further enrich the business travel experience. The ongoing unfolding of market activities underscores the importance of staying informed and adaptable in this ever-evolving landscape.

How is this Business Travel Industry segmented?

The business travel industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Marketing
  Internal meeting
  Trade show
  Product launch


Type

  Travel fare
  Lodging
  Dining
  Others


Service Type

  Transportation (Air, Rail, Car)
  Accommodation
  Meetings and Events


Booking Type

  Online Travel Agencies
  Direct Bookings
  Corporate Travel Management Companies


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Application Insights

The marketing segment is estimated to witness significant growth during the forecast period.

Business travel plays a pivotal role in the international marketing efforts of both small and large enterprises. This involves employees traveling to overseas markets to promote products and services, expand customer bases, and build brand reputation. Travel itinerary management and security are essential considerations to ensure the safety and productivity of business travelers. Duty of care and traveler tracking are crucial components of travel risk management, while travel insurance provides financial protection. Travel consolidators offer cost savings through bundled services, including flights, ground transportation, hotels, and car rentals. Carbon offsetting and eco-friendly travel options are increasingly important for companies committed to sustainability.

Travel data analytics enable businesses to make informed decisions on travel procurement and policy compliance. Premium economy travel and business class offerings cater to the needs of frequent travelers, while loyalty programs and travel rewards provide incentives. Travel technology, including travel booking platforms and expense management systems, streamline the travel process. Airport lounges and travel concierge services enhance the travel experience. First class travel and corporate travel policies cater to executives an

This dataset offers a comprehensive view of global tourism, focusing on accommodation and transportation metrics, derived from the United Nations World Tourism Organization (UNWTO) data. The UNWTO is a specialized agency of the United Nations that serves as a global forum for tourism policy issues and a practical source of tourism know-how.

This data set is about the World Tourism Organization's Compendium of Tourism Statistics and the Yearbook of Tourism Statistics. It gives statistics on arrivals of nonresident tourists/visitors, departures, and tourism expenditure in the country and in other countries. It also provides comprehensive information on international tourism worldwide and offers a selection of the latest available statistics on "arrivals of non-resident tourists/visitors" and "tourism expenditure". The best analytical projects include data cleaning and visualization.

VTC conducts research on an ongoing basis among travelers visiting the Commonwealth. This dataset contains details on the overnight trips for 2022. Overnight trips of 50+ miles, one-way, with one or more nights away from home to Virginia during CY 2022 for Business purposes including meetings, convention, conferences, and trade shows.

As of mid-2024, it was estimated that the global business travel spending at the end of that year would amount to nearly *** trillion U.S. dollars. By 2028, this figure is projected to reach over *** trillion dollars.

Dataset

This dataset was created by Amin

Contents

Metadata * C02163V02608: Code for method of booking. * Method of Booking: Information about the method used for booking. * C02276V02746: Code for Domestic or Outbound. * Domestic or Outbound: Indicates whether the booking is for domestic travel (within the same country) or outbound travel (outside of the country). * TLIST(Q1): Code for Quarter of the Year. * Quarter: Indicates the quarter of the year in which the booking was made. * STATISTIC: Code of label for statistical measures * Statistic Label: Contains labels or identifiers for different statistical measures or metrics associated with the bookings. * UNIT: Specifies the unit of measurement for the statistic values in the dataset. For example. * VALUE: Contains the actual values of the statistics corresponding to the respective labels in the "STATISTIC" column.

This case study features considerable data gathered by a travel agency on the search behaviors of its clients over the course of two years (Jan 2013 to Dec 2014) and whether those searches led to a booking or not. The dataset provided has the following columns:https://www.googleapis.com/download/storage/v1/b/kaggle-user-content/o/inbox%2F16933722%2F429a11a00c03e7afbdb0dac1278fb228%2FScreenshot%202023-09-27%20104142.png?generation=1695786196891595&alt=media" alt="">

Based on this analysis, I will conduct market segmentation, group customers based on some certain similar characteristics and then develop a model that allows to anticipate whether clients' searches led to a booking or not. Some base information: The dataset consists of 25 features and 100.000 searches. Rows: 100.000 Columns: 25 Features: ['Unnamed: 0', 'date_time', 'site_name', 'posa_continent', 'user_location_country', 'user_location_region', 'user_location_city', 'orig_destination_distance', 'user_id', 'is_mobile', 'is_package', 'channel', 'srch_ci', 'srch_co', 'srch_adults_cnt', 'srch_children_cnt', 'srch_rm_cnt', 'srch_destination_id', 'srch_destination_type_id', 'is_booking', 'cnt', 'hotel_continent', 'hotel_country', 'hotel_market', 'hotel_cluster']

The Latin America business travel market size reached USD 50.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 86.9 Billion by 2033, exhibiting a growth rate (CAGR) of 5.89% during 2025-2033. The rising investments in transportation and communication infrastructure, the implementation of favorable government policies to attract foreign investments to promote business growth, and the significant expansion in several industries are some of the major factors propelling the market.

IMARC Group provides an analysis of the key trends in each segment of the Latin America business travel market report, along with forecasts at the regional and country levels from 2025-2033. Our report has categorized the market based on type, purpose type, expenditure, age group, service type, travel type and end user.

This dataset combines various tourist attraction datasets and additional information.

Dataset

This dataset was created by Gajengi Rishi

Contents

In 2024, the global business travel spending increased by more than ** percent. In the following years, it is expected that the expenditure of business tourists keeps growing, but not at the same pace. Resuming business travel after COVID-19 The global health crisis significantly affected the business travel industry, as is evident from the significant drop in business travel spending in 2020. Specifically, the predicted loss in business travel spending worldwide due to COVID-19 added up to more than *** billion U.S. dollars in 2020. While the pandemic is gradually becoming less severe, the impact it had on the travel industry remains. As of February 2022, around one out of ten employees worldwide were still either unwilling or unsure to take business trips. Most expensive cities for business travel Studies have identified the most expensive cities when embarking on travel for business purposes. In 2020, Tokyo was the most expensive city for business travel worldwide based on daily costs. Average costs per day in the capital city of Japan amounted to ****** U.S. dollars in that year. Looking at the most expensive cities for business travel worldwide by daily hotel costs, however, Tel Aviv reported the highest daily prices.

Financial overview and grant giving statistics of National Business Travel Associatio

The Enterprise Travel Management (ETM) services market is experiencing robust growth, driven by the increasing need for efficient and cost-effective travel solutions within organizations. The market, estimated at $50 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 7% from 2025 to 2033, reaching approximately $85 billion by 2033. This expansion is fueled by several key factors. Firstly, the globalization of businesses necessitates frequent international travel for employees, leading to a higher demand for comprehensive travel management solutions. Secondly, the rise of technology, particularly sophisticated booking platforms and travel data analytics tools, is improving efficiency and transparency in travel expenditure. Furthermore, the growing focus on corporate sustainability is encouraging businesses to adopt ETM solutions that optimize carbon footprints and promote responsible travel practices. The increasing adoption of cloud-based solutions and mobile applications within ETM further enhances convenience and accessibility. The market is segmented by application (personal and group travel) and type (domestic and outbound tourism). Outbound tourism currently holds a larger market share due to globalization and expansion into new markets. However, domestic tourism is also witnessing steady growth, driven by factors such as increased domestic travel budgets and government initiatives to promote domestic tourism. Competition within the ETM sector is intense, with a large number of established players vying for market share. These companies are constantly innovating to provide improved services, enhance their technological offerings, and expand their global footprint to maintain a competitive edge. While the market demonstrates impressive growth potential, challenges remain, including economic fluctuations that impact business travel budgets, security concerns impacting travel patterns, and the ongoing need to adapt to evolving traveler preferences and technological advancements.

Number of Businesses statistics on the Corporate Travel Services industry in the UK

Explore the dataset on expenditure on outbound tourism trips by purpose of visit, including categories such as visits to relatives and friends, holidays and shopping, business and conferences, and more. Access comprehensive tourism statistics for Saudi Arabia annually.

Total Expenditure, Visits To Relatives And Friends, Holidays and Shopping, Other Purposes, Business and Conferences, Expenditure, Tourism, Business, visitors, Toursim Statistics, SAMA Annual

Saudi ArabiaFollow data.kapsarc.org for timely data to advance energy economics research..Include data on overnight visitors only.

Dataset

This dataset was created by Ajwad Saleh

Contents