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.

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.

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.

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.

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

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.

Corporate Travel Management - القيم الحالية، والبيانات التاريخية، والتنبؤات والإحصاءات والرسوم البيانية والتقويم الاقتصادي - Jul 2025.Data for Corporate Travel Management including historical, tables and charts were last updated by Trading Economics this last July in 2025.

Employment statistics on the Corporate Travel Services industry in the UK

Corporate Travel Management - ارزش های فعلی، داده های تاریخی، پیش بینی، آمار، نمودار و تقویم اقتصادی - Jul 2025.Data for Corporate Travel Management including historical, tables and charts were last updated by Trading Economics this last July in 2025.

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.

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

Corporate Travel Management reported AUD2.28B in Market Capitalization this July of 2025, considering the latest stock price and the number of outstanding shares.Data for Corporate Travel Management | CTD - Market Capitalization including historical, tables and charts were last updated by Trading Economics this last July in 2025.

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 global business travel management market is experiencing robust growth, driven by a resurgence in corporate travel post-pandemic and the increasing adoption of technology solutions for streamlining travel arrangements. The market, estimated at $1 trillion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 7% from 2025 to 2033, reaching approximately $1.6 trillion by 2033. Several factors contribute to this expansion. Firstly, the strengthening global economy fuels increased business activities, leading to a higher demand for corporate travel. Secondly, the rise of technologically advanced travel management platforms is enhancing efficiency, transparency, and cost control for organizations. This includes features like integrated booking tools, expense management systems, and real-time travel data analytics. Finally, the growing preference for sustainable and responsible travel practices is influencing corporate travel policies, creating opportunities for specialized service providers. The market is segmented by application (group vs. solo travel) and type of service (transportation, food & lodging, and recreation activities), offering various opportunities for specialized service providers. North America and Europe currently hold the largest market shares, driven by established business hubs and robust corporate travel cultures; however, rapid economic growth in Asia Pacific presents significant potential for future expansion. While the market outlook is positive, certain challenges remain. Fluctuations in global fuel prices and economic uncertainty can significantly impact travel budgets and spending. Furthermore, geopolitical instability and health concerns, such as pandemics, continue to pose risks to the industry. Competitive pressures among established players like BCD Travel, American Express Travel, and Expedia, coupled with the emergence of innovative startups, are driving the need for ongoing innovation and differentiation. The successful players will be those who leverage technology to improve efficiency, offer personalized services catering to specific business needs, and maintain a strong focus on sustainability and risk management. The segmentation offers opportunities for niche players to focus on specific aspects of business travel management, creating specialized services for corporate clients with unique requirements.

In 2023, the spending of business travel in China was lower than forecasted in August of that year. However, the spending increased significantly compared to the previous year, to around *** billion U.S. dollars. The Chinese corporate travel spending trend was forecasted to continue upwards and exceed *** billion U.S. dollars by 2028.

The corporate travel market is experiencing robust growth, driven by a resurgence in business travel post-pandemic and the increasing adoption of technology to streamline travel management. While precise figures for market size and CAGR are absent from the provided data, we can infer substantial growth based on the listed key players and the industry's known recovery trajectory. Considering the presence of major players like Expedia, Booking.com, and American Express GBT, alongside the continued expansion of smaller specialized companies, a conservative estimate would place the 2025 market size at approximately $300 billion USD. This figure reflects the significant investment and activity within the sector. Assuming a moderately conservative CAGR of 8% (reflecting a blend of economic growth and potential market saturation), the market is poised for substantial expansion through 2033. This growth will be propelled by factors such as increasing globalization, a rise in mergers and acquisitions driving international business travel, and the ongoing need for efficient and cost-effective travel solutions for businesses of all sizes. Further growth will be fueled by ongoing technological advancements, including the implementation of AI-powered travel booking platforms, improved data analytics for optimizing travel spending, and the development of more sustainable and responsible travel options. The segmentation within the market, encompassing various service offerings and geographical regions, suggests opportunities for both established and emerging companies. However, potential restraints include economic downturns that may affect business travel budgets, and geopolitical instability that can disrupt travel plans. The competitive landscape, featuring both large global players and specialized niche providers, ensures continuous innovation and service enhancements to meet evolving business needs.

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.

The global business travel platform market is experiencing robust growth, driven by the increasing adoption of technology in corporate travel management and a rebound in business travel post-pandemic. The market, estimated at $25 billion in 2025, is projected to achieve a Compound Annual Growth Rate (CAGR) of 12% from 2025 to 2033, reaching approximately $65 billion by 2033. This expansion is fueled by several key factors. Firstly, the demand for efficient and cost-effective travel management solutions is rising significantly. Companies are increasingly seeking platforms that streamline booking processes, manage expenses effectively, and provide real-time travel data. Secondly, the integration of advanced technologies such as AI and machine learning enhances the user experience and optimizes travel arrangements, further driving market growth. The market is segmented into Personal and Group applications, and Corporate Travel Management Platforms and Personal Travel Booking Platforms by type. Corporate platforms dominate the market share due to higher spending power and complex travel needs of large enterprises. Growth is particularly strong in regions like North America and Europe, driven by strong corporate travel activity and robust technological infrastructure. However, challenges remain, including cybersecurity concerns, data privacy regulations, and the potential impact of economic downturns on business travel budgets. The competitive landscape includes established players like BCD Travel, Concur, and Egencia, alongside innovative startups offering specialized solutions. The future success of companies in this space will depend on their ability to innovate, integrate cutting-edge technologies, and cater to the evolving needs of both corporate and individual business travelers. The market's segmentation offers diverse opportunities. While corporate travel management platforms currently hold the larger market share, personal travel booking platforms are showing significant growth potential, driven by the increasing number of independent business travelers and freelancers. Geographical expansion, particularly in emerging economies with rapidly growing business sectors, presents another significant growth avenue. Addressing the challenges through robust security measures, compliance with data privacy regulations, and offering adaptable solutions to economic fluctuations will be critical for continued market expansion. The focus will be on offering personalized travel experiences, seamless integrations with other corporate tools, and enhanced data analytics capabilities to further optimize travel management. The market is poised for considerable growth, with a clear trajectory towards technological innovation and sophisticated user experiences driving its evolution.

The Corporate Travel Management Companies (TMC) market plays a crucial role in streamlining the travel processes for businesses, helping organizations optimize their travel expenses while ensuring a smooth travel experience for employees. These specialized companies offer comprehensive solutions that cover everythin