Data
2024
July 2024
Business Travel Rebounds Even as Companies Cut Costs - The rebound in business travel is real, but companies still say they're worried about higher prices. A recent BCD Travel survey found that 60% of travel buyers said their company reduced its travel budget in the past few years, and 96% introduced cost control policies. But none of that has stopped the rebound in business travel.
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June 2024
Business travel expert reveals how to navigate the cost of going green - Incorporating sustainability into business travel programs has shifted from a luxury to a critical requirement in a world increasingly aware of environmental issues. But according to the findings of a recent report, the higher costs associated with sustainable travel options are a major obstacle to the widespread adoption of environmentally friendly business travel practices.
Read moreHere’s How AI Can Help Fix Business Travel. Eventually - Mastercard found that nine in 10 travel decision-makers plan on investing in AI and machine learning to improve processes and personalize travel for employees.
Read moreSurvey: Hotel Staffing Shortages Persist - About three-quarters U.S. hoteliers surveyed in May by the American Hotel & Lodging Association reported they continue to face staffing shortages, a figure that declined a bit year over year but increased from a January survey.
Read moreSurvey: Americans favor bleisure trips as business travel rebounds - Of the two in five Americans going on business trips this year, 49 percent intend to turn it into a “bleisure” trip, according to a recent survey by Howdy.com. Bleisure is a blend of “business” and “leisure,” differing from “workcations,” where workers integrate vacation with work at a destination of their choice.
Read moreSurvey: Slow Growth in Reported U.S. Business Travel - Business travel is returning, but at a slow and steady pace, led by younger workers, and with an eye toward sustainability, according to Morning Consult's latest report. About 10 percent of adult respondents said in March 2024 they traveled domestically for business in the prior month, compared with 7 percent who said so in March 2022.
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May 2024
Business Travel Taking Toll on Mental Health: Stats - A recent survey of North American business travelers shows that for many, work-related travel is taking a toll on their mental health, leading to anxiety, stress and exhaustion.
Read moreBusiness travellers booking longer and more ‘purposeful’ trips - Business travellers are going on longer trips and pursuing more “purposeful travel” following the pandemic, according to the bosses of the Advantage Travel Partnership.
Read moreNew Study Shows Strong Demand for Business Travel in 2024 - Internova Travel Group, one of the world's largest travel services companies, has just revealed the results of its recent survey, the ‘2024 Internova Index: North American Business Traveler Insights’ report, which indicates that the industry is seeing a strong demand for business travel. The research gathered insights from millions of travel bookings and a comprehensive survey of business travelers in the United States and Canada.
Read more‘FOMO’ trips: Hybrid, remote work encouraging more business travel - Hybrid and remote work arrangements are motivating more travel in a new phenomenon dubbed as “FOMO” or “YOLO” travel — following years of muted trips due to the pandemic, according to a new report.
Read moreThe hospitality industry’s new normal with business travelers - It’s no secret that hotels as an asset class have had a bumpy recovery post-COVID. A large part of the lag has been due to the uneven return of business travel, which has long been a lifeblood of the hospitality sector. The post-pandemic evolution of interactions within and among workplaces, including the universalization of video calls and virtual meetings, has reduced in-person business travel and is forcing the lodging industry to react to a new normal.
Read moreBusiness Travel Is Booming And Predicted To Surpass Pre-Pandemic Levels By Year’s End - Business travel is set to exceed pre-pandemic levels by the end of the year, fueled by increasing demand from small and medium-sized companies and a revival in key urban centers.
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April 2024
GBTA Survey: Most Business Travel Professionals Sticking with the Industry, Pay on the Rise - Travel industry professionals are largely satisfied working in the industry, with few making plans to abandon it for another industry, according to a Global Business Travel Association survey of 815 travel professionals.
Read moreTravel & Meetings: Heavy Merge Ahead? - Listen to any hotel company earnings report and you’ll hear immediately where they are focusing their sights when it comes to business travel: groups and meetings.
Read moreHow to optimize business travel in 2024 - More Canadian employees happy to do business travel, but concerned about safety amid budget cuts: report. Canadian employees are increasingly open to travelling for business this year, according to a recent survey. Nearly half (48 per cent) of business travelers say they are happy to be traveling in 2024, up from just 36 per cent in 2023.
Read moreFive Trends Shaping Corporate Travel in 2024 - A new survey of North American business travelers reveals increased enthusiasm for travel, alongside ongoing safety concerns. The survey, conducted by Opinium, was commissioned by World Travel Protection (WTP). The findings offer a snapshot of the attitudes and perceptions of business travelers from the U.S. and Canada. Research was conducted from February 1-8, 2024, among 1,000 adults who travel for business at least once a year in the U.S. (500) and Canada (500).
Read moreRelocation Travel Makes Its Mark, As Incentives Lure Millennials - Move over vacation and business travel: Make room for relocation travel. An analysis by Yardi Kube, a California-based company providing software solutions for the real estate industry, shows that Florida and Texas are the top travel destinations for remote workers looking to relocate. More millennials than other age groups travel to relocate, the analysis shows, and most leave California and New York for Florida and Texas.
Read moreFace value: Business travel surges as virtual meeting fatigue sets in - It’s four years since the first Covid-19 lockdowns brought business travel to its knees, and ushered in the new normal of meetings via Zoom/Teams – a development which some thought could dent business travel permanently. But new data suggests that while the days of traveling long distances for one meeting with one person could well be gone forever, people ‘are’ returning to travel for business at scale.
Read moreManaging business travel in the age of the climate imperative - Time is running short for thousands of businesses to put new systems in place to monitor and report on their climate change impacts – including the emissions created by business travel. But climate change advisers say that new regulations worldwide also represent an opportunity to respond to demands from multiple stakeholders for business travel to become more sustainable. That will be critical, with 93 per cent of organisations needing to double the pace of emissions reduction by 2030 to hit their environmental targets.
Read moreGlobal Business Travel Market Report 2024: Review of 2014-2023 and Forecasts to 2030: Start-ups are Disrupting the Industry - The "Business Travel - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. The global market for Business Travel estimated at US$690.6 Billion in the year 2023, is projected to reach a revised size of US$928.4 Billion by 2030, growing at a CAGR of 3.8% over the analysis period 2023-2030.
Read moreBCD Travel reveals the top destinations of 2023 for U.S. business travelers - According to BCD Travel’s Cities & Trends 2023 United States edition, Europe accounts for seven of the 10 most visited intercontinental cities for American business travelers, with London being the most popular. The report is based on BCD flight and car rental data in 2023 in the U.S.
Read moreHow Remote Workers Are Reshaping Corporate Travel Policies - Business travel by remote and hybrid workers has presented new complexities for corporate travel managers, and costs are just one issue.
Read morePlanning to Combine Business and Leisure Travel? You’re Not Alone. - As employees increasingly add leisure time to their business trips, companies are trying to figure out where their duty of care obligations begin and end.
Read moreThe rise of Sleep Tourism: A growing business travel trend? - Sleep tourism has taken the leisure tourism industry by storm with a predicted market value of $400 billion in the next four years. Laura Busby, Commercial Director, Good Travel Management shares more.
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March 2024
1 in 3 US Gen Z workers say business trips have helped them gain a promotion - New research released today from business travel platform TravelPerk, reveals that over a third (34%) of US employees who get to travel for work feel more passionate about their jobs. But for those aged 18-24 years old, 35% say business travel has helped them gain promotions. Compared to the 26% of millennials (aged 35-44 years old), it shows that business travel can be more beneficial for those starting out.
Read moreGlobal business travel sector set to surpass $2.1 trillion by 2031 with a steady 9.5% growth rate - In 2021, the value of the global market for business travel was estimated at $689.7 billion, with projections suggesting it could escalate to approximately $2.1 trillion by 2031. This represents a steady growth rate of 9.5% annually from 2022 through 2031.
Read moreOn the Road Again: How Corporate Travel is Bouncing Back with a Fresh Perspective - As per the Business Travel Index Outlook report from GBTA, expenditures on business travel are projected to reach $1.4 trillion in 2024 and approximately $1.8 trillion by the year 2027 – ITQ President & CEO, Sanjay Kumar’s incisive article probes in detail how corporate travel is bouncing back and with fresh perspective.
Read moreBusiness Travel Could Stage a Full Pandemic Recovery in 2024 - Corporate travel remains below 2019 levels, but airlines and hotels see a steady recovery. Business travel has lagged leisure throughout the pandemic recovery as corporate road warriors – and their finance chiefs – grew content with video calls and sporadic trips into offices.
Read moreTravelling for Work: Essential, or Unsustainable? - Connectivity is a crucial element of the modern world — many of our colleagues work in other countries, yet can be working on the same projects. Estimates from the US Travel Association predict that business travel will reach 95% of pre-pandemic levels this year, indicating that whilst many companies are preaching sustainability, they are not reflecting this in their travel planning.
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February 2024
Four Business Travel Trends And Forecasts Impacting Events In 2024 - The good news for event marketers, however: Despite the year’s travel speed bumps and forecasts, many events and trade shows (CES 2024, included) are reporting they are back to pre-pandemic attendance levels. Here, we explore some of the latest facts and figures, and opportunities, surrounding business travel trends.
Read moreBusiness Travel On The Rise ; Virtual Meetings Losing Primacy - Business travel continues to increase, and virtual meetings are losing dominance as a replacement for work-related travel. According to the Global Rescue Winter Traveler Sentiment and Safety survey, respondents traveling for business jumped 37% compared to survey results nearly a year ago. More than two-thirds (68%) of respondents said their business travel would be both international and domestic.
Read moreGBTA: 2024 business travel will be strong but challenging - Nearly 60 percent of travel buyers expect more travel in the coming year, with two-thirds anticipating increases in business travel spending, according to the latest Business Travel Outlook Poll conducted by the Global Business Travel Association. However, industry professionals also expect challenges ahead, citing rising travel costs, overall economic uncertainties, lagging corporate budgets and travel disruptions among their top concerns.
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January 2024
GBTA: Pandemic in the past as business travel has strong start to 2024 - The global business travel industry “has put the pandemic behind it and is riding a wave of momentum at the start of 2024,” according to the latest Business Travel Outlook Poll, conducted by the Global Business Travel Association (GBTA).
Read moreEngaging the Next Generation of Meeting Attendees - The Global Business Travel Association projected last summer that business travel would reach $1.4 trillion in 2024—surpassing pre-pandemic highs—and grow to nearly $1.8 trillion by 2027. We know there’s incredible power in meeting face-to-face and these record-high projections show organizations know it too. But spending isn’t the only thing shaping business travel. Generation Z (born 1997 to 2012) along with the younger side of the Millennial generation (born 1981 to 1996) are giving business travel new contours as the spending and transaction volume grow. Travel managers and event organizers will need to meet young professionals where they are, if they want to continue to have successful travel and meetings programs.
Read moreHotel Industry Outlook 2024: Moving Steadily Forward - The U.S. lodging industry ended 2023 at 63.0% occupancy, a slight increase over 2022’s 62.7%. Strong growth in the first quarter was offset by modest declines in the latter three quarters, as outbound international travel increased and inbound international travel remained muted, particularly from APAC sources.
Read moreThree Out of Four Business Travelers Use or Plan to Use AI for Travel - Nearly three out of four business travelers (73%) say they use artificial intelligence to research or plan travel, or intend to do so in the future, according to a recent survey by leading travel publisher Matador Network, creator of the personal AI travel assistant GuideGeek.
Read moreFor the hotel industry, business travel is back, but it’s not as usual - For the hotel industry, it’s no longer “business travel as usual” as the pandemic reshaped the patterns and behaviors of corporate travelers. The “new” business travel emphasizes quality of trips rather than quantity, considers sustainability a priority, sees a business trip as an opportunity to enjoy a destination and looks to hotels not just as a place to sleep but as a space to congregate and network.
Read moreRemote work isn’t killing business travel – it’s transforming it - The days of in-person client meetings may be waning, but employees are setting out on corporate trips for new reasons.
Read moreRethinking business travel can help achieve 2024 sustainability goals - As the global climate crisis intensifies, people around the world are turning to their leaders to see the sustainability lessons they’ve gleaned from the past year and how they plan to incorporate them in 2024.
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2023
December 2023
Half of global companies have cut their business flights in two since Covid - Just under half of the world’s biggest companies did not return to 2019 levels of flying last year, a new study of business travel emissions finds. Of 217 companies analysed, 104 kept their air travel emissions to less than 50% between 2019 and 2022.
Read moreBusiness travel emissions drop as many firms fly less – survey - Almost half of 217 global firms cut their business travel carbon emissions by at least 50% between 2019 and 2022, analysis published on Monday found, as corporate air travel returned at a much slower pace since the pandemic than leisure flights.
Read moreBusiness Travel in 2024: ‘Rising Tension With Employees’ - Business travelers know their livelihoods may depend on getting out on the road to nurture relationships with clients. Bean counters, concerned about inflation and sustainability issues, may block those trips.
Read moreWhy Traditional Business Travel Is Dead – Even Years After The Pandemic - In early 2020 white collar professionals stopped going to the office. People worked from home, and went online. They stopped flying. And there were varying schools of thought on how much they’d return to office and return to business travel.
Read moreBusiness travel ‘critical’ to workplace culture, says study - Business travel is an essential component to driving employee engagement and professional development in the era of remote work, according to a recent study by American Express Global Business Travel (Amex GBT) and Harvard Business Review Analytic Services.
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November 2023
Sustainable business travel can be a competitive advantage - Sustainability continues to rise in prominence in the business world, increasing the spotlight on sustainable travel practices. According to a recent Gartner survey, CEOs say that environmental and social changes are a top-three priority for investors, and CEOs consider sustainability a competitive differentiator.
Read moreIs Business Travel Still Important in Our Digital Age? - In our digital era – after the pandemic more than ever – dominated by virtual meetings and digital collaboration tools, the question of whether business travel remains a crucial component of corporate life suddenly becomes relevant.
Read moreWorking abroad is becoming a priority for Canadians when choosing an employer - Half of those surveyed (47%) assert that foreign work policies would play a role in their decision, a percentage that rises to 63% among Millennials members.
Read moreBusiness Events Pulse Check: The State of Meetings in Canada - Destination Canada conducted five (5) focus groups which took place from September 4th – October 6th, 2023, with association leaders, financial meeting planners, incentive meeting planners, and corporate meeting planners across key industries who host business events. These focus groups included perspectives from Finance Insurance Convention Professionals (FICP), Council of Engineering and Scientific Society Executives (CESSE), the American Society of Association Activities (ASAE), as well as from the Professional Conference Organizers (PCO) representing the global associations segment industry. These key audiences provided insights about the current state of business meetings and events, decision-making criteria, perceptions of Canada, as well as barriers and opportunities for attracting meetings and events to the country.
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October 2023
GBTA Poll Points to ‘Stronger’ 2024 for Global Business Travel - Nearly three-quarters of buyers expect their travel budgets to increase or hold steady next year, and most said they don’t expect economic concerns to limit business travel at their company, according to a Global Business Travel Association Outlook Poll released Monday.
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August 2023
7 business travel trends that event organizers need to know now - While leisure travel rebounded at a much faster pace coming out of COVID, business travel has picked up momentum in 2023, according to the 9th CWT Global Business Travel Association (GBTA) Travel Price Forecast 2024. The report helps businesses understand market pricing for airfares, hotel room rates, ground transport and meetings and events. The forecast also explores where prices are heading, as well as the drivers of change.
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July 2023
How your hotel can capitalize on business travel rebound & bleisure travel trends - The recovery of business travel and the evolution of bleisure travel globally highlights the importance of adapting to changing travel trends. Hotels that proactively embrace these trends and tailor their offerings accordingly position themselves as forward-thinking and customer-centric.
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June 2023
Business travel becomes a top priority of Gen Z professionals in 2023: survey - In the midst of growing economic uncertainty, a recent survey conducted by American Express Canada highlights prevailing attitudes towards the return to business travel.
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May 2023
GBTA Showcases Business Travel Outlook For Canada And Future Industry Trends During Its Annual Regional Conference - Business travel in Canada is poised for a strong, evolving future, according to the takeaways from the Global Business Travel Association (GBTA) Canada Conference 2023 held in Toronto from May 15-17.
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April 2023
How To Combine A Business Trip With A Vacation - The long history of road warriors adding vacation days before or after a business trip, initially a response to the old airline pricing practice of marking up midweek round trips, is getting a fresh look thanks to the widespread acceptance of remote work.
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March 2023
How ChatGPT Could Transform Business Travel - When Dinu asked ChatGPT about its potential applications in the corporate travel industry its answers focused on improvements in information sharing for travellers.
Read moreBusiness Travel And Workcations Are On The Rise, According To Experts - The past three years have been characterised by a global pandemic accompanied by extensive lockdowns and travel restrictions. Among the many industries impacted, travel and tourism was perhaps the hardest hit.
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Business tourism monitoring reports by the Transat Tourism Chair.
2024
May 2024
Business Tourism Intelligence Bulletin by Chaire Transat - What Generation Z prefers ?, a new image for Reims, supporting sustainable events, imagine the meeting of your dreams, effervescent Calgary, the place of women in business tourism.
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March 2024
Business Tourism Intelligence Bulletin by Chaire Transat - The importance of coaching in events, creating learning opportunities, the return of the incentive trip, meeting everyone's needs, integrating the circular economy, services to make life easier for parents.
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2023
December 2023
Business Tourism Intelligence Bulletin by Chaire Transat - Business meetings and events: what to expect in 2024, setting up a panel that's worth the price, some data on Quebec business travelers 2023-2024, strategies for attracting “digital natives” to events, trade shows and fairs and making room for diversity, equity and inclusion (DEI)
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September 2023
Business Tourism Intelligence Bulletin by Chaire Transat - Risk assessment and management, associations aiming for carbon-neutral events, late registrations, an issue that demands a great deal of flexibility, perspectives on the well-being of business travelers.
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August 2023
Business Tourism Intelligence Bulletin by Chaire Transat - Against an uncertain economic backdrop, with costs rising across the board, what are the trends for the coming years?
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May 2023
Business Tourism Intelligence Bulletin by Chaire Transat - Business travel rebounds with expected growth in international travel. AI, such as ChatGPT, is used in the events industry, and the needs of associations evolve towards sustainable events. Sydney is chosen to host WorldPride 2023.
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March 2023
Business Tourism Intelligence Bulletin by Chaire Transat - Business travel expected to pick up by the end of 2023, companies adapting to the economy, impact of changing work environments, late promotion of trade shows and partnership for innovation.
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February 2023
Business Tourism Intelligence Bulletin by Chaire Transat - SMEs are driving the upturn in business tourism, while hybrid experiences are meeting the expectations of business travelers focused on well-being and enriching experiences.
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