The number international business trips from the United Kingdom reached roughly *** thousand in June 2023 for the first time since the beginning of the coronavirus (COVID-19) pandemic. In the same month of 2019, the total number of overseas business visits from the European country amounted to *** thousand.

Residents in the United Kingdom who traveled abroad for business purposes in 2023 spent a total of *** billion British pounds during their travels. This represented a return to spending levels from before the coronavirus pandemic, which began in 2020. Spending by UK residents on business trips abroad peaked in 2015, with over ***** billion British pounds spent.

According to a survey conducted in September 2024, ************** of business travelers in the United Kingdom preferred to travel by car when taking domestic business trips. By contrast, only *********** of respondents said that they fly to their domestic destinations when traveling for work.

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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

Market Size statistics on the Corporate Travel Services industry in the UK

In 2023, UK business travelers in Europe spent **** billion British pounds during their trips, which shows an increase of approximately six percent versus 2019. Meanwhile, business travelers from the UK spent **** billion British pounds in North America in 2023.

Employment statistics on the Corporate Travel Services industry in the UK

United States Exports: Services: UK: Travel: Other Business & Personal data was reported at 12.061 USD bn in 2016. This records a decrease from the previous number of 12.587 USD bn for 2015. United States Exports: Services: UK: Travel: Other Business & Personal data is updated yearly, averaging 9.582 USD bn from Dec 1999 (Median) to 2016, with 18 observations. The data reached an all-time high of 12.587 USD bn in 2015 and a record low of 7.986 USD bn in 2002. United States Exports: Services: UK: Travel: Other Business & Personal data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.JA027: Trade Statistics: Services: United Kingdom.

Context

The data contains travel information from UK, ranging from 1986 to 2020.

Content

There is information about the number of overseas visitors, the money they spent and the same for UK residents who travelled abroad. There are two variants- NSA (Non seasonal adjusted) and SA (Seasonal adjusted).

Acknowledgements

Data sourced from: https://www.ons.gov.uk/peoplepopulationandcommunity/leisureandtourism/datasets/internationalpassengersurveytimeseriesspreadsheet

Inspiration

The analysis could analyze the trend of travel to and from the UK from 1986-2020.

United States Imports: Services: UK: Travel: Other Business & Personal data was reported at 6.887 USD bn in 2016. This records an increase from the previous number of 6.156 USD bn for 2015. United States Imports: Services: UK: Travel: Other Business & Personal data is updated yearly, averaging 5.397 USD bn from Dec 1999 (Median) to 2016, with 18 observations. The data reached an all-time high of 6.887 USD bn in 2016 and a record low of 3.986 USD bn in 2009. United States Imports: Services: UK: Travel: Other Business & Personal data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.JA027: Trade Statistics: Services: United Kingdom.

The average daily spend by inbound business tourists in the United Kingdom amounted to *** British pounds in 2023. This denoted a decrease of ** percent from the previous year. The region from which the highest spenders came was North America, with business travelers spending an average *** British pounds a day.

Business Travel - Car - CO2 (kg)

Business-related travel details of GPS employees

Business travel is an extremely important part of the travel space today, as even though business travel comprises only a small percentage of total trips compared to leisure and VFR, business travelers have a higher spending power and travel more often, making them a valuable traveler type to attract. After a period of growth of business travel in all aspects, the COVID-19 pandemic has caused, and will potentially continue to cause, business travel to completely slow down. The potential impact of COVID-19 will affect many companies, airlines, hotels, travel intermediaries such as travel management companies, and could be devastating due to the complete lack of travel, and need to travel in 2020 and beyond. Read More

Comprehensive dataset containing 12,491 verified Travel agency businesses in United Kingdom with complete contact information, ratings, reviews, and location data.

This spreadsheet summarises of the key travel patterns and trends relating to the TFL network and Airports around London. Some of the borough level data has been analysed using these interactive charts. Click on the image to open. The first stack graph shows the spread of mode of travel for each borough. In Kensington and Chelsea over 44 per cent of journeys are made on foot, in Bexley 59 per cent of journeys are in a car/motorcycle, and in Hackney over a 25 per cent of journeys are by bus. The second graph shows the proportion of all road casualties by road user type and borough in 2010. The City of London has the highest proportion of casualties for pedestrians, and cyclists. https://s3-eu-west-1.amazonaws.com/londondatastore-upload/transport-graph-thumb.png" alt=""> Some of the airports data has been presented in this one page factsheet that highlights some important facts about flights and passengers at London’s airports. The number one country where people have either come from or going to is the United States. https://s3-eu-west-1.amazonaws.com/londondatastore-upload/transport-airports-thumb.png" alt=""> List of tables included in the spreadsheet: 1 Aggregate travel volumes in Greater London. Estimated daily average number of journey stages, 1993-2009 2 Modal shares of daily journey stages in London, 2009 3 Annual passenger kilometres travelled by public transport (millions), London, 2008/09 - 2010/11 4 Annual journey stages by public transport (millions), 1991/92 - 2010/11 5 Index of London road traffic, major and minor roads, all motor vehicles, 2000-2009 6 Trends in road casualties, by personal injury severity, London and GB, 1991-2010 7 London road casualties by mode of travel, 2010 8 Trends in cycle flows on the TLRN, annualised indices, 2000/01 - 2010/11 9 People entering central London in the weekday morning peak, 1978 - 2009 10 Car ownership in Inner and Outer London, 2009/10 11 Hours of serious and severe disruption London-wide, 2009/10 12 Number of road works undertaken on the TLRN, Sep 2009 - Oct 2010 13 London Underground: scheduled and operated train kilometres, 1995/96 - 2009/10 14 London Underground - operated train kilometres (millions) by line, 2009/10 15 Average number of passengers per bus, train or tram, 2001/02 - 2009/10 16 Public transport fares - UK and London compared, 1994/95 - 2009/10 17 Air freight moved through London's principal airports, 1993 - 2009 18 Terminal passengers by London area airport, in millions, 2000, 2010 19 Terminal passengers by London area airport, 1990 - 2010 20 Terminal passengers by flight's country of origin or destination, 2010 21 Road Casualties by Severity and Road User Type, by Borough 2010 22 Data used in the Interactive Chart - Number of trips, distribution of trips by mode and average travel time from home to work, 2007/2008 to 2009/10 (3-year moving average) 23 Data used for Air Transport Factsheet - International terminal passengers at London airports, 2010 - All terminal passengers at London airports, in millions, 2000, 2010 - Terminal passengers at London airports by origin or destination of the flight, 2010 - Number of UK flights and passenger by London airport, 2010 Most data is from the annual report Travel in London 3, Transport for London. Further information, reports and data from the Travel in London series can be found on the TFL website.

This data is for DH senior officials at Senior Civil Servants level 2 (SCS2), director level, or equivalent grades. It includes bookings made through the department’s central booking system. This will include the majority of travel undertaken. Some bookings may have been made through other systems. Work is ongoing to ensure that this data is incorporated into future reports.