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.

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.

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.

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.

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.

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 global business travel market was worth approximately *** billion U.S. dollars in 2020, according to data published by Allied Market Research. This value is expected to grow by *** percent in 2028.

As a result of the COVID-19 impact on the global travel market, the expenditure of business tourists from the Asia Pacific region declined to a little over *** billion U.S. dollars in 2020. Meanwhile, the total business travel spending of Western Europeans and North Americans amounted to less than *** billion U.S. dollars.

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.

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.

Business travel spending of tourists from United States decreased by nearly ********** in 2020 compared to the previous year, most likely as a result of the coronavirus (COVID-19) pandemic. This tourism segment expenditures is forecast to recover to pre-pandemic levels by 2024.

This statistic represents the results of a Statista survey among Americans taken in April 2017 regarding air travel. During the survey, ** percent of respondents stated that they book flights using airline websites.

In 2022, the direct impact of business travel in the U.S. economy amounted to more than 200 billion U.S. dollars. Meanwhile, the induced impact – the spending of business travel-related workers' wages on the local economy – amounted to nearly 160 billion U.S. dollars.

The total expenses of Germans traveling for business purposes amounted to ** billion U.S. dollars in 2020. This was a marked reduction compared to the previous year, when business travel expenditure reached roughly ** billion U.S. dollars. The coronavirus (COVID-19) pandemic and related travel restrictions could explain why the expenses of business travelers decreased by **** percent in 2020. Meanwhile, forecasts show that the sector will recover to pre-pandemic levels by 2024.

The number of international business travelers in Italy climbed up to ** million in 2023, recovering strongly from the COVID-19 pandemic. Despite the significant recovery, this figure was still below the last years of the 2010s.

*** out of ten business travel managers surveyed around the world in October 2024 reported seeing an increase in the propensity of employees to attend meetings and conferences in person. However, ********* of survey participants also said that they observed a decline in the interest of employees to travelling for business purposes.

Around one-third of travel managers surveyed worldwide in late-2024 said that the implementation of artificial intelligence (AI) at their companies for business travel programs was important, but not a priority in that year. Only ** percent said that they were already using AI for travel management tasks.

Among the G20 member countries, China had the highest business travel spending in 2023, with a total of 754 billion U.S. dollars. The United States followed second, with domestic and inbound travelers spending more than 460 billion U.S. dollars that year.

Domestic business travel spending in the United States reached over *** billion U.S. dollars in 2023. This figure has seen growth since 2020 where it fell to *** billion U.S. dollars as a result of travel restrictions caused by the coronavirus (COVID-19) pandemic. Travel spending is forecast to reach almost *** billion U.S. dollars by 2028.

In 2023, domestic business travelers in the United States took more than 413 million trips, which was around 11.4 percent more than in the previous year. However, that figure was still below the one recorded in 2019.