The total inbound business travel spending in the United States was close to 40 billion U.S. dollars in 2023, recovering fully from the COVID-19 pandemic. In comparison to 2020, this figure represents an increase of 217 percent.

Global business tourism spending was estimated to reach approximately *** trillion U.S. dollars in 2024, which represents a full recovery from the COVID-19 pandemic. 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. How did the COVID-19 pandemic hit domestic and international business trips? After the outbreak of the coronavirus (COVID-19) pandemic in 2020, companies worldwide had to revisit their trip plans, as different restrictions adopted across the world disrupted global travel. According to a study by the Global Business Travel Association (GBTA), the share of companies canceling most or all domestic business trips worldwide reached ** percent as of October 2021. Meanwhile, almost ***** in *** surveyed firms suspended international business travel as of the same month. Which company spent the most on booked air volume in the U.S.? As the pandemic hit the business travel market hard in 2020, it comes as no surprise that the volume of air tickets purchased by companies in the United States experienced a sharp decline due to the health crisis. While Deloitte spent over *** million U.S. dollars on air travel in 2019, it reported an expenditure of ** million U.S. dollars in 2020. That year, the company ranked as the second leading air travel spender in the U.S. behind Amazon.

Introduction

Business Travel Statistics: Business travel is making a strong comeback—and it's changing fast. After the slowdown during the pandemic, more companies are sending employees on work trips again; however, the way they travel and the reasons behind it have undergone significant shifts. This topic is important because business travel impacts company spending, work performance, team connections, and employee satisfaction.

In this article, “Business Travel Statistics “, you'll find the latest numbers on business travel, including how much money is being spent, what travellers are doing, the most popular places to go, and how remote work is changing things. We’ll also highlight major trends for 2025 so you can see where the business travel industry is now and what’s coming next.

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.

Introduction

Business Travel Statistics: Even after the upsurge of the COVID-19 pandemic, business travel remains an essential aspect of growing your business. Business travel allows for the exploration of new opportunities and outlooks for those who travel. Despite various technological advancements, corporate travel trends show that there is no replacement for face-to-face interactions.

Traveling can also hold up corporate initiatives for developing skills, networking, and recruitment. Nevertheless, the introduction of COVID-19 has thrown a wrench at some of those travel plans and has led to the importance of risk assessment and essential changes in future travels. We shall shed more light on Business Travel Statistics through this article.

The travel dataset provides detailed information on various trips taken by travelers, including their destination, travel dates, duration of the trip in days, traveler demographics (name, age, gender, and nationality), as well as the type and cost of accommodation and transportation. This dataset can be used to gain insights into travel patterns, preferences, and behaviors of different types of travelers. It can also be helpful for travel-related businesses, such as travel agencies, to create tailored marketing strategies and travel packages that meet the needs and preferences of different travelers. Column details: • Trip ID: A unique identifier for each trip taken by a traveler. • Destination: The name of the city or country visited by the traveler. • Start date: The date the traveler started the trip. • End date: The date the traveler ended the trip. • Duration (days): The number of days the traveler spent on the trip. • Traveler name: The name of the traveler. • Traveler age: The age of the traveler at the time of the trip. • Traveler gender: The gender of the traveler. • Traveler nationality: The nationality of the traveler. • Accommodation type: The type of accommodation the traveler stayed in, such as hotel, hostel, or Airbnb. • Accommodation cost: The cost of the accommodation for the entire trip. • Transportation type: The mode of transportation used by the traveler, such as plane, train, or car. • Transportation cost: The cost of transportation for the entire trip.

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.

The business tourism market, encompassing travel for conferences, meetings, and corporate events, presents a significant and dynamic sector poised for substantial growth. While precise figures are unavailable without the missing data points, industry trends suggest a robust market size. Considering the diverse segments – encompassing Millennials, Generation X, and Baby Boomers across varied tourism types (natural scenery, humanistic tourism, and diet-focused travel) – a complex interplay of factors drives market expansion. The rising prevalence of hybrid work models and increased corporate emphasis on team-building activities fuel demand. Technological advancements in event planning and communication tools further streamline operations, enhancing the appeal and efficiency of business travel. However, economic fluctuations and potential future travel restrictions represent significant constraints. The competitive landscape is populated by both established players like TUI Group, Thomas Cook Group, and Abercrombie & Kent Ltd., and niche operators catering to specific business travel needs. Geographic distribution reveals strong regional variations, with North America and Europe likely dominating market share due to their established business infrastructure and high concentration of multinational corporations. Future growth will depend on effectively addressing sustainability concerns within the industry, incorporating technology to enhance the traveler experience, and navigating global economic uncertainties. The forecast period (2025-2033) will likely see continuous growth, though the rate of expansion might fluctuate based on macroeconomic conditions. The segmentation analysis highlights an opportunity for businesses to tailor their offerings to specific demographic groups and travel preferences. For example, millennial business travelers might prioritize experiences and sustainable travel options, while older generations may seek more traditional business travel arrangements. Companies need to adapt their strategies to meet these varying needs to capitalize on market opportunities. Moreover, incorporating data-driven insights to understand traveler behavior and preferences will be crucial for achieving a competitive edge. The regional breakdown presents diverse market entry points and expansion strategies for businesses aiming to participate in this growing sector.

There were approximately **** billion domestic trips taken in the United States in 2023. Around *** billion of these were taken by leisure travelers. Both the number of business and leisure trips were forecast to increase annually between 2023 and 2028.

The India business travel market size reached USD 41.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 80.5 Billion by 2033, exhibiting a growth rate (CAGR) of 7.22% during 2025-2033.

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

The Corporate Travel Services Industry has endured significant challenges over the past five years. The pandemic led to a drastic drop in revenue due to various restrictions on travel. However, in contrast to leisure travel, corporate travel was less affected because essential workers and government travel continued at a subdued level. Immediately after the pandemic, corporate travel services experienced a swift recovery as businesses normalised operations. However, revenue has plateaued in 2023-24 and 2024-25, as the post-pandemic recovery shock has largely worn off. Strong post-pandemic revenue growth has provided new opportunities for corporate travel services. Total transactional volume (TTV) increased due to heightened demand for business travel and growing purchase costs, which have risen because of expanding airfares and room tariffs, among other hiked expenses. These increased costs were passed on to corporate travellers without significant impacts on demand, largely because corporate travel costs are often absorbed by the company. Heightened competition, both from internal and external factors, has also driven a shift to online platforms among corporate travel agents in a bid to counter growing competition and reduce overheads. This shift has yielded profit margin growth over the past five years. Overall, industry revenue is expected to have increased at an annualised 12.7% over the five years through 2024-25, to $5.3 billion. This trend includes an anticipated 4.1% revenue hike in 2024-25. Increasing business traveller volumes are poised to drive industry growth over the next five years. Factors including an improving Business Confidence Index, a healthier Australian dollar and a growing population will contribute to a surge in business tourist visitor nights, leading to rising industry revenue. Consolidation and a shift towards digital platforms and tools will enhance profitability while also reducing wage costs. As the recovery of inbound international business travel has been slower than expected, the focus will shift towards outbound international business travel. A stronger Australian dollar and increasing costs of business travel to Australia are paving the way for growth in outbound travel. As a result, businesses that offer customised travel solutions to outbound corporate travellers stand to gain significantly in the coming years. Overall, revenue is projected to grow at an annualised 3.0% over the five years through 2029-30, to reach $6.2 billion.

Italy registered nearly ** million international business travel arrivals in 2019, according to data published by the World Tourism Organization (UNWTO). In that same year, France reported over ** million inbound business traveler arrivals, while the United States' corporate travel tourism volume amounted to ***** million tourist arrivals.

Graph and download economic data for All Employees: Professional and Business Services: Travel Arrangement and Reservation Services in New York (SMU36000006056150001) from Jan 1990 to Jun 2025 about travel, NY, services, employment, and USA.

This statistic presents the domestic overnight business travel in Great Britain in 2019, by demographic distribution. In 2019, people aged 35 to 54 with no children accounted for **** million business travel trips.

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.

In 2024, the age and gender groups with the highest rates of undertaking overnight business trips in Japan were men in their fifties with around ***** percent, and women in their twenties at about **** percent.

During 2021, there were approximately *** million domestic and inbound business trips in the United States. Before the coronavirus (COVID-19) pandemic, the North American country had recorded more than *** million business trips on its territory. The majority of them were made by domestic travelers.

Hotel Reservation Service Market Outlook

The global hotel reservation service market size was valued at approximately USD 45 billion in 2023 and is expected to reach around USD 75 billion by 2032, growing at a CAGR of 5.5% during the forecast period. The growth of the hotel reservation service market is primarily driven by the increasing penetration of the internet and the rising number of international and domestic travelers seeking convenience and efficiency in booking accommodations.

The growth factors for the hotel reservation service market are multifaceted. One significant driver is the increased adoption of online booking platforms, which offer a seamless and user-friendly experience for travelers. The widespread availability of smartphones and mobile applications has revolutionized how people book hotels, making it convenient to compare prices, read reviews, and make reservations on the go. Moreover, the shift towards digitalization in the travel industry has led to the integration of advanced technologies such as artificial intelligence and machine learning, enhancing the accuracy and personalization of hotel booking services.

Another key growth factor is the rising disposable income and changing lifestyle preferences of consumers. With growing affluence, people are more inclined to spend on travel and leisure activities. The trend of experiential travel, where travelers seek unique and personalized experiences, is also fueling the demand for specialized hotel reservation services. Additionally, the expanding middle-class population in emerging economies is contributing to the surge in travel and tourism, further boosting the hotel reservation service market.

The increasing trend of globalization and the subsequent rise in business travel are also significant factors driving the market growth. Corporations are increasingly relying on hotel reservation services to manage their travel needs efficiently. The convenience of centralized booking systems, which offer negotiated rates and streamlined expense management, makes hotel reservation services an attractive option for corporate travel. Furthermore, the growth of the Meetings, Incentives, Conferences, and Exhibitions (MICE) industry is creating additional demand for group bookings and specialized reservation services.

Regionally, North America currently holds the largest market share in the hotel reservation service market, driven by the high adoption of technology and a well-established travel and tourism industry. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period, owing to the rapid urbanization, increasing middle-class population, and the growing popularity of online travel services. The rising number of internet users and the proliferation of smart devices in countries like China and India are significant contributors to this growth.

In the context of business travel, the Central Reservation System plays a pivotal role in streamlining the booking process for corporations. By centralizing hotel reservations, businesses can efficiently manage travel itineraries, negotiate better rates, and ensure compliance with corporate travel policies. This system not only simplifies the booking process but also enhances the ability to track travel expenses and generate detailed reports, which are crucial for budgeting and financial planning. As the demand for corporate travel continues to grow, the integration of Central Reservation Systems with hotel reservation services is becoming increasingly vital for businesses seeking to optimize their travel operations.

Type Analysis

The hotel reservation service market can be segmented by type into online booking and offline booking. Online booking has gained substantial traction over the years due to the convenience and efficiency it offers. Online booking platforms allow users to compare hotel prices, read reviews, view images, and make reservations with just a few clicks. The integration of secure payment gateways and the availability of various payment options have further bolstered the growth of online booking. In addition, online booking platforms often offer discounts and promotional offers, attracting a large number of price-sensitive travelers.

Offline booking, although witnessing a decline in market share, still holds significance, particularly in regions where internet penetration is low or among older travelers who may not be comforta