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Global business travel spending to surpass pre-Covid levels of $1 4 trillion in 2024

Global business travel spending to surpass pre-Covid levels of $1 4 trillion in 2024
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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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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.

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

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