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GBTA: Business Travel projected to hit $1 8 trillion by 2027, surpassing pre-pandemic levels

GBTA: Business Travel projected to hit $1 8 trillion by 2027, surpassing pre-pandemic levels
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International Business: Business travel spending to hit $1 8trn in 2027

International Business: Business travel spending to hit $1 8trn in 2027
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United statesAsia pacificSuzanne neufangGloria colganVisa commercial solutionsGlobal business travel associationTravel index outlookAnnual global reportGlobal headVisa commercialLatin americaNorth america

Global Business Travel Industry Forecast Is for Accelerated Rebound, Spending to Reach $1 8 Trillion by 2027

The global business travel industry has rebounded at a more accelerated rate than expected just a year ago and is now expected to surpass its pre-pandemic spending level of $1.4 trillion in 2024 − and grow to nearly $1.8 trillion by 2027. In 2022, global business travel spending rose 47% to $1.03 trillion, with strong gains continuing and 32% growth expected in 2023. These robust gains were fueled by pent-up demand after the COVID-19 pandemic, more favorable global economic conditions in 2022 and 2023 and recession risks that have yet to happen.

United statesSuzanne neufangAsia pacificGloria colganGlobal business travel associationVisa commercial solutionsTravel indexAnnual global reportTravel outlookGlobal headVisa commercialLatin americaNorth americaTravel index outlookGlobal business travel

Global Business Travel Industry Forecast is for Accelerated Rebound, Spending to Reach $1 8 Trillion by 2027

Article - Global Business Travel Industry Forecast is for Accelerated Rebound, Spending to Reach $1.8 Trillion by 2027 - 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

United statesGloria colganAsia pacificSuzanne neufangGlobal business travel associationVisa commercial solutionsGlobal business travel industry forecastAccelerated reboundTravel index outlookBusiness travel associationAnnual global reportTravel outlookGlobal headVisa commercialLatin americaNorth america

ESG an emerging focus for human resources

ESG an emerging focus for human resources
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