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.

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.

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.

Snapshot img

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 execut

During 2021, there were approximately 251 million domestic and inbound business trips in the United States. Before the coronavirus (COVID-19) pandemic, the North American country had recorded more than 470 million business trips on its territory. The majority of them were made by domestic travelers.

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 May 2025 about travel, NY, services, employment, and USA.

Our travel datasets provide extensive, structured data covering various aspects of the global travel and hospitality industry. These datasets are ideal for businesses, analysts, and developers looking to gain insights into hotel pricing, short-term rentals, restaurant listings, and travel trends. Whether you're optimizing pricing strategies, analyzing market trends, or enhancing travel-related applications, our datasets offer the depth and accuracy you need.

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    including restaurant details, customer ratings, menus, and delivery availability.

  Market & Trend Analysis: Use structured datasets to analyze travel demand, seasonal trends, and consumer preferences 
    across different regions.

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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.

Dataset

This dataset was created by Nick

Released under Apache 2.0

Contents

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.

Travel habits of business travelers in the Federal Republic. Topics: destinations, travel frequency and length of business trips inthe previous year; travel costs; use of various means of transport;primary means of transport; opportunities of use, selection criteriaand limitation on use in the selection of primary means of transport;reasons for travel; information-provider and decision-maker in travelplanning; travel department in the company; agreements or contractswith hotels, airlines, rental car companies or the Federal Railway;booking; gathering information on cities, regions and countries to bevisited on business; combining business trips and private shortvacations; use of cultural offerings on business trips; agent for thesecultural offerings; traveling in company of spouse; use of spousefares; taking out travel insurance; private and business credit cardpossession; knowledge and possession of a telephone card; usefulness oftelephone cards on business trips; interest in use of telephone cards;use of trains and special offers, services and fares of the railroad;airplane use; frequency of travel and airlines used; use ofcompany-owned airplanes; airplane class and fares used, special offersand services of the airlines; most important selection criteria forairlines; airlines used for domestic and international trips; degree offamiliarity of international and national airlines; degree offamiliarity and use of American and German charter companies; airportsused in the last two years; use of various means of transport on theway to the airport; frequency of use of duty-free shops; productspurchased; car possession; access to company car or staff car; car usefor business trips at home and abroad; number of kilometers drivenannually; use of car for short or long distances; possession of cartelephone; interest in car telephone; possession of drivers license;use of rental car; preferred vehicle class; selection criteria forrental car company; degree of familiarity and frequency of use ofrental car company; preference for rental car company and possession ofcar credit card; selection criteria for choice of hotel at home andabroad; preferred hotel category; way of paying hotel bill; possessionof a VIP-card or hotel club card; degree of familiarity and use ofhotel chains; preferred hotel chains; trade fairs visited at home andabroad; length of employment; professional position; knowledge offoreign languages; company size and area of business; size ofmunicipality class; media usage of domestic and foreign newspapers.

Number of Businesses statistics on the Corporate Travel Services industry in United Kingdom

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.

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.

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.

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.

United States SB: NC: Outlook: Business Travel: Not Applicable data was reported at 28.200 % in 11 Apr 2022. This records a decrease from the previous number of 32.000 % for 04 Apr 2022. United States SB: NC: Outlook: Business Travel: Not Applicable data is updated weekly, averaging 29.000 % from Nov 2021 (Median) to 11 Apr 2022, with 18 observations. The data reached an all-time high of 34.100 % in 14 Feb 2022 and a record low of 26.500 % in 15 Nov 2021. United States SB: NC: Outlook: Business Travel: Not Applicable data remains active status in CEIC and is reported by U.S. Census Bureau. The data is categorized under Global Database’s United States – Table US.S051: Small Business Pulse Survey: by State: South Region: Weekly, Beg Monday (Discontinued).

SB: DE: Outlook: Business Travel: Not Applicable data was reported at 39.700 % in 11 Apr 2022. This records an increase from the previous number of 29.800 % for 04 Apr 2022. SB: DE: Outlook: Business Travel: Not Applicable data is updated weekly, averaging 34.300 % from Nov 2021 (Median) to 11 Apr 2022, with 18 observations. The data reached an all-time high of 49.100 % in 28 Mar 2022 and a record low of 25.500 % in 03 Jan 2022. SB: DE: Outlook: Business Travel: Not Applicable data remains active status in CEIC and is reported by U.S. Census Bureau. The data is categorized under Global Database’s United States – Table US.S051: Small Business Pulse Survey: by State: South Region: Weekly, Beg Monday (Discontinued).