Despite rocky economic conditions and pressures within organizations to cut down on travel costs, business travel is making an unexpected and robust comeback.
Expected business travel spending accelerates due to pent-up demand, return of travel and meetings, improved COVID landscape, stable economic conditions and inflationary factors, according to the latest GBTA Business Travel Index Outlook report
Global business travel and events costs are set to climb higher through the remainder of 2023 and into 2024, albeit at a much more moderate pace than the exceptionally steep increases seen in 2022. This is according to the 2024 Global Business Travel Forecast, published today by CWT and the Global Business Travel Association (GBTA).
The new age of business travel is intentional, with employees increasingly emphasizing work-life integration and changing dynamics
94 per cent of Canadian travellers say the future of their career depends on successful business travel in the coming year
s of 30th May, we are seeing that the trend is set to reverse in July, with the recovery in business travel overtaking the recovery in leisure – as business flight bookings are 14% behind pre-pandemic (2019) levels and leisure are 16% behind.
The third edition of Deloitte’s corporate travel study indicates business travel continues to climb in the United States and Europe, but likely faces a limited upside. As trip volume increases, travel managers face high prices, tough supplier negotiations, and sustainability mandates.
This paper presents findings from a survey of business event participants conducted in February and March of 2023. The survey aims to explore changes in the frequency of travel, motivations for travel, and changes in travel behaviors. Results show promising growth in 2023 and that the desire to network with peers and destination appeal are the strongest factors influencing decisions to travel to business events.
Latest outlook poll explores impact of new airline retailing strategies and New Distribution Capability, industry workforce rebuilding challenges, and traveler experience realities amid disruption
Corporate travel spend will likely be smaller than pre-pandemic as U.S. and European companies weigh ROI and sustainability goals amid ongoing flexible work arrangements and increased use of technology