Business travel statistics highlight the changing landscape of corporate travel, focusing on trends, preferences, and challenges faced by today’s professionals.
As companies adjust to a post-pandemic world, these statistics are vital for optimizing travel policies and improving the traveler experience. With remote work on the rise, many employees are blending business with leisure, driving the growth of “bleisure” travel.
This shift has led organizations to rethink strategies and adopt technology for smoother travel management. In this post, we’ll examine key statistics on spending, popular destinations, traveler concerns, and the effects of COVID-19, helping businesses navigate the complexities of corporate travel.
General Business Travel
In 2022, the U.S. saw nearly 430 million business trips, with the majority focused on transient purposes like sales and client service. Business travel in the U.S. plays a significant role in the economy, contributing 2% to the GDP and generating $119 billion in tax receipts.
This section highlights key statistics on general business travel, including spending trends, average trip costs, and regional variations, as well as the broader impact on the U.S. economy.
- 429.9 million business trips were taken within the U.S. in 2022, with 67% for transient purposes (sales, client service, etc.) (source: Meetings Spotlight).
- The U.S. business travel industry accounted for 2% of the GDP in 2022, generating $119 billion in tax receipts (source: Meetings Spotlight).
- The average amount spent per business trip in the U.S. was $632, with lodging being the largest expense category at 34% (source: Meetings Spotlight).
- The average age of U.S. business travelers is 44.3 years (source: Meetings Spotlight).
- Business travel spending in the U.S. is expected to increase by around 7% above 2019 totals in 2023, indicating a robust recovery (source: Meetings Spotlight).
- Business travelers typically spend about $1,018 per trip on average (source: Expensify).
- In 2022, business travel accounted for approximately 24.6% of the U.S.'s total tourism spending (source: Expensify).
- Americans make over 405 million long-distance business trips annually, accounting for 16% of all long-distance travel (source: Bureau of Transportation Statistics).
- About 50% of business travel spending goes toward lodging and air transportation combined (source: Emburse Certify).
- Business trips to New York are the most expensive, averaging around $1,633, followed by San Francisco at $1,603 (source: Emburse Certify).
- The global business travel market is projected to reach approximately $791.9 billion by 2026 (source: Emburse Certify).
- Corporate travel spending could grow by 8% to 12% in 2024, surpassing pre-pandemic levels (source: Deloitte).
Business Travel Spending Statistics
Global business travel spending is on the rise, with projections for 2024 reaching a record $1.48 trillion, surpassing pre-pandemic levels. By 2028, spending is expected to exceed $2 trillion, reflecting a strong recovery and growth in the sector.
In this part, we’ll examine key statistics on business travel spending, highlighting major markets, industry sectors, and regional growth trends.
- Global business travel spending is projected to reach a record $1.48 trillion in 2024, surpassing the pre-pandemic peak of $1.43 trillion in 2019 (source: Hotel Dive).
- By 2028, global business travel spending is expected to exceed $2 trillion, indicating a strong recovery and growth trajectory (source: Hotel Dive).
- In 2023, business travel spending reached approximately $1.3 trillion, reflecting a 30% increase compared to 2022 (source: GBTA).
- The U.S. market is projected to account for 30% of global business travel spending, with an estimated expenditure of $472 billion in 2024, which is 13.4% above its 2019 figures (source: Globetrender).
- China is forecasted to spend nearly $211 billion on business travel in 2024, marking a 13.1% increase from pre-pandemic levels (source: WTTC).
- The total estimated breakdown of business travel expenditures in 2023 included $501 billion for lodging, $282 billion for air travel, and $245 billion for food and beverage (source: GBTA).
- Business travelers globally estimate their spending at an average of $834 per trip, with lodging accounting for about $312 of that total (source: GBTA).
- The financial and insurance activities sector is projected to see the most significant growth in business travel spending, with an expected increase of 72% through 2028 (source: GBTA).
- In 2023, the business travel industry recovered approximately $675 billion of the $770 billion lost in 2020 due to the pandemic (source: GBTA).
- Global business travel spending is anticipated to grow at a compound annual growth rate (CAGR) of about 6.95% from 2025 to 2028 (source: Hotel Dive).
- Business travel spending in Germany is expected to reach around $87.5 billion, while the UK and France anticipate record amounts of $84.1 billion and $42.1 billion, respectively (source: WTTC).
- The recovery in business travel varies by region, with Asia Pacific emerging as the fastest-growing region in 2023, showing a growth rate of 36% (source: GBTA).
Statistics on Business Travel Benefits
Business travel offers a range of benefits, not only for companies but also for employees. A large majority of employees view it as a perk, and many companies consider it essential for operations, growth, and relationship-building.
Executives recognize its role in improving brand awareness, professional development, and market understanding. In this part, we’ll explore key statistics on how business travel positively impacts job satisfaction, company growth, and the broader economy.
- 90% of employees consider business travel a perk, highlighting its perceived value in professional settings (source: Passport-Photo Online).
- 82% of companies with over 1,000 employees view business travel as essential for operations and growth (source: Passport-Photo Online).
- 69% of executives agree that business travel is crucial for developing relationships with customers (source: Passport-Photo Online).
- 57% of executives believe that business travel helps in building brand awareness (source: Passport-Photo Online).
- 45% of executives state that business travel is important for understanding current market trends (source: Passport-Photo Online).
- 44% of executives feel that business travel improves professional development opportunities (source: Passport-Photo Online).
- 38% of executives believe that traveling for business gives them an edge over the competition (source: Passport-Photo Online).
- 27% of executives agree that business travel is effective for closing sales deals (source: Passport-Photo Online).
- 79% of employees report that their experience with business travel impacts their overall job satisfaction positively (source: FinancesOnline).
- 83% of employees consider business travel to be a job perk, indicating its importance in employee retention and satisfaction (source: FinancesOnline).
- Companies see a return of $2.90 in profit and $9.50 in revenue for every dollar spent on corporate travel, showcasing its financial benefits (source: FinancesOnline).
- Business tourism supports over 700,000 jobs in the U.S., illustrating its significant impact on the economy (source: Passport-Photo Online).
Business Travel Experience Statistics
Business travel is evolving, with travelers seeking more personalized and efficient experiences. A large majority of corporate travelers are willing to share their preferences for tailored services, and many are even willing to pay extra for upgrades to enhance their trips.
In this section, we’ll dive into key statistics about the business travel experience, highlighting trends such as the rise of bleisure travel, the financial costs involved, and how travelers are prioritizing convenience and personalization.
- 90% of corporate travelers are willing to share their travel preferences for a customized experience, indicating a strong desire for personalization in business travel (source: FinancesOnline).
- 65% of travelers are willing to provide additional personal information to accelerate processing at the airport, reflecting a trend toward efficiency in travel experiences (source: FinancesOnline).
- 22% of frequent travelers want travel companies to remember their personal data, emphasizing the importance of tailored services (source: FinancesOnline).
- 67% of modern travelers expect brands to help them make informed travel decisions based on their previous travel information (source: FinancesOnline).
- 55% of business travelers are willing to pay out of their own pocket for upgrades on accommodations, car rentals, and airline seats, showcasing a willingness to enhance their travel experience (source: FinancesOnline).
- Business travelers typically take about 1.8 trips monthly, indicating a consistent demand for travel in professional settings (source: PhotoAiD).
- In 2022, attending daily business meetings and events cost corporate travelers an average of $160, highlighting the financial aspects of business engagements (source: PhotoAiD).
- The average cost per business trip is approximately $1,018, which includes various expenses such as lodging and transportation (source: Expensify).
- Approximately 81% of business travelers mix leisure with their work trips, indicating a trend towards "bleisure" travel (source: Ecommerce Bonsai).
- 44% of business travelers report that traveling for work has positively impacted their professional development opportunities (source: Passport-Photo Online).
- The average hotel stay for business trips costs around $146 per night, which is a significant portion of overall travel expenses (source: Expensify).
- Business trips to New York are the most expensive in the U.S., averaging around $1,633, reflecting the high costs associated with major business hubs (source: Ecommerce Bonsai).
Bleisure Statistics
Bleisure travel, combining business and leisure, has seen remarkable growth in recent years and is expected to continue expanding. The market was valued at $315.3 billion in 2022 and is projected to more than double by 2032.
This surge reflects the growing demand for travel that balances work and relaxation, driven by remote work trends and the desire for better work-life balance. In this section, we’ll explore key bleisure statistics and trends shaping this booming market.
- The global bleisure travel market was valued at $315.3 billion in 2022 and is expected to more than double to reach $731.4 billion by 2032, with a compound annual growth rate (CAGR) of 8.9% (source: Navan).
- In 2023, the bleisure travel market is projected to grow from $394.10 billion to $430.86 billion in 2024, reflecting a CAGR of 9.3% (source: The Business Research Company).
- By 2028, the market size for bleisure travel is expected to reach $619.18 billion, driven by trends in remote work and a focus on work-life balance (source: The Business Research Company).
- Approximately 49% of Americans planning business trips in 2024 intend to turn their trips into bleisure experiences (source: Human Resources Online).
- Among workers surveyed, 60% preferred bleisure trips over "workcations," where employees choose their destination while working remotely (source: Howdy).
- 41% of employees expressed interest in incorporating leisure time into their business travel, indicating a significant demand for bleisure options (source: Statista).
- About 35% of business trips include a weekend stay, showcasing the integration of leisure into work-related travel (source: Statista).
- The bleisure travel market is expected to reach approximately $1.82 trillion by 2029, growing at a CAGR of 11.90% (source: GlobeNewswire).
- Among different generations, 68% of Generation Z and 63% of Baby Boomers are planning bleisure trips, compared to only 44% of Millennials and 48% of Generation X (source: Howdy).
- Employees see several benefits in bleisure travel, including relaxation after work trips and fewer PTO days used for travel time (source: Human Resources Online).
- Workers who traveled an average of twice in the last year reported that one in five opted to skip part of their work trip for leisure activities (source: Human Resources Online).
- Bleisure travelers may spend an average of $3,900 on their trips, adding substantial economic value to the destinations they visit (source: Human Resources Online).
Statistics on the Modern Business Traveler
The modern business traveler is increasingly on the move, with frequent trips becoming a common part of professional life. As travel patterns evolve, so do the needs and concerns of business travelers, from rising costs and sustainability preferences to blending work and leisure. These statistics shed light on the key trends shaping the business travel landscape today.
- 77% of business travelers went on 1 to 5 trips in 2023, indicating a trend toward frequent but shorter travel engagements (source: Coolest Gadgets).
- On average, business travelers take about 1.8 trips per month, highlighting the regularity of business travel in their professional lives (source: PhotoAiD).
- In 2024, it is estimated that 447 million domestic business trips will be taken within the U.S., reflecting a robust recovery in business travel (source: PhotoAiD).
- The average cost of a business trip is approximately $1,018, which includes expenses for lodging, transportation, and meals (source: Expensify).
- 34% of total business travel expenses are attributed to accommodation, with the average hotel stay costing around $146 per night in the U.S. (source: Expensify).
- 72% of business travelers prefer to book with companies that offer eco-friendly travel choices, reflecting a growing concern for sustainability in travel practices (source: Coolest Gadgets).
- Approximately 60% of U.S. work trips are extended to include some personal leisure time, illustrating the trend of blending work and leisure (source: Coolest Gadgets).
- In 2024, 20% of travelers expect to take between six to ten trips, while 10% anticipate taking more than ten trips, indicating an increase in travel frequency (source: Deloitte).
- Business travelers typically spend about $160 attending daily meetings and events, underscoring the costs associated with corporate engagements (source: PhotoAiD).
- The global business travel market was valued at approximately $689.7 billion in 2021 and is expected to grow to $2.1 trillion by 2031, reflecting significant growth in the sector (source: PhotoAiD).
- In 2024, companies are expected to spend about $200 more on flights compared to pre-pandemic levels in 2019, indicating rising costs associated with air travel (source: Expensify).
- About 37% of business travelers report feeling anxious about safety and security during their trips, highlighting concerns that affect travel decisions (source: Coolest Gadgets).
Business Travel Policy Statistics
Business travel policies play a crucial role in managing the growing frequency and costs of corporate travel. As companies face increased spending and evolving needs, having clear and efficient policies in place is essential to accommodate the diverse aspects of business trips, from expenses to flexibility.
- 77% of business travelers reported taking between 1 to 5 trips in 2023, reflecting the frequency of travel that companies need to manage through their policies (source: Deloitte).
- Corporate travel spending is expected to grow by 8% to 12% in 2024, indicating a significant increase in budget allocations for business travel (source: Deloitte).
- By the end of 2024, U.S.-based companies' spending on corporate travel is projected to reach or exceed 2019 levels, demonstrating the recovery and importance of business travel policies (source: Deloitte).
- The average business trip cost is approximately $1,018, which companies need to account for in their travel policies (source: Expensify).
- In 2023, corporate travel expenditures included $501 billion for lodging, $282 billion for air travel, and $245 billion for food and beverage, highlighting the need for detailed spending policies (source: GBTA).
- Companies are expected to pay about $200 more on average for flights in 2024 compared to 2019, necessitating adjustments in travel budgets and policies (source: Expensify).
- 34% of total business travel expenses are attributed to accommodation, which emphasizes the importance of having clear lodging policies in place (source: Expensify).
- The business travel industry had recovered approximately $675 billion of the $770 billion lost in 2020 by the end of 2023, indicating a significant rebound that requires effective policy management (source: GBTA).
- About 60% of U.S. work trips are extended to include leisure time, suggesting that companies should consider flexible policies that accommodate bleisure travel (source: Coolest Gadgets).
- Travel managers expect international trips' share of spend to increase slightly through 2025, indicating a need for updated policies regarding international travel (source: Deloitte).
- In 2023, business travelers typically took about 1.8 trips per month, which highlights the necessity for companies to have robust travel policies to manage frequent travel (source: PhotoAiD).
- The global business travel market is projected to grow from approximately $1.48 trillion in 2024 to over $2 trillion by 2028, emphasizing the importance of effective corporate travel policies as demand increases (source: GBTA).
Statistics on Business Travel Concerns
Business travelers face a range of concerns, from safety and security to the challenges of unexpected delays. These concerns impact travel decisions and highlight the importance of addressing traveler needs, both at the individual and organizational level, to ensure smoother and more secure business trips.
- 37% of business travelers have experienced travel-related anxiety about safety and security, highlighting significant concerns among professionals (source: Expensify).
- 54% of business travelers reported experiencing delayed or canceled flights in the past year, which can lead to frustration and anxiety during travel (source: Expensify).
- 12% of employees stated they would refuse to travel to destinations they consider unsafe, reflecting a growing reluctance to travel due to safety concerns (source: Expensify).
- 46% of business travelers do not have a corporate travel safety plan, indicating a gap in organizational support for traveler safety (source: Expensify).
- 83% of female business travelers express safety concerns, underscoring the need for gender-specific guidance and resources in travel safety training (source: Expensify).
- 44% of travelers cite safety or political/social concerns about their destination as the most common reasons for declining a business trip (source: SAP Concur).
- 65% of business travelers in the Asia Pacific region cite safety concerns as a significant barrier to travel, indicating regional differences in traveler apprehensions (source: FutureCFO).
- 88% of travelers have had to make last-minute changes due to unexpected delays or cancellations, which adds stress and complicates travel plans (source: SAP Concur).
- 80% of business travelers opt to add "booking buffers" to their itineraries to accommodate potential disruptions, reflecting a proactive approach to managing travel uncertainties (source: SAP Concur).
- 74% of travel managers report that rising travel costs are a significant concern for their organizations, influencing decisions around travel policies and budgets (source: WebinTravel).
- 35% of employees express reluctance to travel due to political or social issues in their destination, which can deter companies from sending staff abroad (source: SAP Concur).
- 40% of business travelers feel that their companies do not adequately address their safety concerns during travel, indicating a need for improved communication and support from employers (source: Expensify).
Business Travel Tech Usage Statistics
Business travel is increasingly shaped by technology, with many travelers relying on smartphones, online booking platforms, and digital expense tools to streamline their trips. From mobile expense reporting to voice-activated apps, these tech trends highlight the growing demand for efficiency and convenience in business travel.
- 85% of business travelers use their smartphones for work while on trips, indicating a high reliance on mobile technology for managing travel tasks (source: Expensify).
- 68% of business travelers book their trips through online channels, showcasing the shift towards digital platforms for travel arrangements (source: Expensify).
- 66.5% of companies utilize an online expense reporting platform with a mobile solution, reflecting the growing trend of integrating technology into expense management (source: Expensify).
- 80% of business travelers prefer using automated digital expense reporting tools for their trips, highlighting the demand for efficiency in managing travel expenses (source: Condor Ferries).
- 57% of modern travelers desire a single application to manage all their planning and booking needs, pointing to a preference for streamlined travel management solutions (source: Condor Ferries).
- 31% of travelers express interest in using voice-activated apps for their travel queries, indicating a growing acceptance of voice technology in travel planning (source: Condor Ferries).
Impact of COVID-19 on Business Travel
The COVID-19 pandemic significantly impacted business travel, with a 61% decline in spending in 2020 due to travel restrictions. By the end of 2022, business travel spending had only reached 55% of pre-pandemic levels. The aviation industry faced concerns, as 40% of airline business travel might not return. However, spending is projected to recover, reaching $1.4 trillion by 2024 and nearly $1.8 trillion by 2027.
Companies have adapted, with 85% of U.S. businesses planning trips in 2022, and 93% of firms planning permanent changes to remote work and meeting policies. Despite the setbacks, 86% of business workers view travel as essential for their professional goals.
- 61% decline in business travel spending was observed in 2020 due to extensive travel restrictions imposed during the pandemic (source: WTTC).
- By the end of 2022, business travel spending was estimated to reach only 55% of pre-pandemic levels, indicating a slow recovery (source: Engine).
- 40% of airline business travel may not return post-pandemic, raising concerns for the aviation industry that heavily relies on business travelers for revenue (source: GBTA).
- The maximum average cost businesses are willing to spend on hotel stays for corporate trips is 18.9% higher per night post-COVID, reflecting changes in pricing and spending habits (source: Engine).
- Business travel spending is projected to recover to $1.4 trillion by 2024, with growth expected to continue, reaching nearly $1.8 trillion by 2027 (source: GBTA).
- 85% of U.S. companies planned corporate trips in April 2022, marking a significant increase in travel intentions compared to earlier in the year (source: TravelPerk).
- In March 2022, business travel spending was only 5% below pre-pandemic levels, indicating a strong recovery trend during that period (source: USTA).
- More than 50% of surveyed companies reviewed their business travel policies to accommodate changes caused by the pandemic, reflecting the need for flexibility and adaptation (source: TravelPerk).
- 93% of surveyed companies reported plans to permanently change remote work and meeting policies as a result of lessons learned during the pandemic (source: TravelPerk).
- The pandemic has led to a 72% decline in international tourist arrivals in 2020, marking it as the worst year on record for tourism (source: UNWTO).
- 86% of business workers stated that travel is an essential part of their work, emphasizing the importance of business travel in achieving professional goals despite pandemic challenges (source: TravelPerk).
- The COVID-19 pandemic caused a loss of approximately 4.4 million jobs in the U.S. travel and tourism sector in 2020, accounting for nearly half of the entire employment decline that year (source: Trade.gov).
Most Popular Destinations for Business Travel
Top destinations for business travel in 2024 include Singapore, known for its efficient infrastructure and vibrant business environment, and Dubai, which attracts travelers with its luxury and modern meeting facilities. Other popular spots include New York City, a hub for finance and media, Berlin’s growing tech scene, and Tokyo with its advanced technology and public transport.
Cities like Sydney, São Paulo, and Riyadh also stand out for their economic potential, while Hong Kong and London continue to draw business professionals for their strategic locations and robust economies.
- Singapore is ranked as the top destination for business travel in 2024, known for its efficient infrastructure and vibrant business environment, making it a hub for international conferences and meetings (source: Pangea Mobility).
- Dubai is highlighted as a major business hub in the Middle East, attracting travelers with its luxurious accommodations and state-of-the-art meeting facilities (source: Pangea Mobility).
- New York City remains a leading destination for business travelers, particularly in finance, media, and arts, with numerous networking opportunities available throughout the year (source: Pangea Mobility).
- Berlin is recognized for its thriving tech scene and innovation, making it an attractive destination for entrepreneurs and business leaders (source: Pangea Mobility).
- Tokyo is noted for its technological advancements and efficient public transportation, positioning it as a top destination for international business travel (source: Pangea Mobility).
- Sydney offers a robust economy and stunning landscapes, making it an appealing destination for business travelers in the Asia-Pacific region (source: Pangea Mobility).
- São Paulo is recognized as the economic heart of Brazil and Latin America, attracting business travelers interested in exploring emerging markets (source: Pangea Mobility).
- Riyadh is becoming increasingly important for business travel due to Saudi Arabia’s Vision 2030 initiative, aimed at diversifying the economy (source: Pangea Mobility).
- Hong Kong remains a critical gateway for businesses entering Asia, known for its blend of Eastern and Western cultures and robust financial services sector (source: WegoPro Blog).
- London continues to be a top destination for business travel due to its strategic location and diverse economic opportunities across various sectors (source: WegoPro Blog).
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Ron Hoekstra is the founder of The LibertyOnDemand. He is a graphic designer, self-taught entrepreneur, writer, and Illustrator. He will give you professional insights and tips in the world of travel,