Work life balance, contentment and industry opportunity in their roles fuel loyalty - Global travel buyers and suppliers also report continued knowledge gaps, desire for clarity and implementation challenges related to New Distribution Capability
From sustainable practices to cutting-edge technology, we've identified seven travel industry trends that are redefining the future of the travel industry and reshaping business travel solutions.
Reaching $25.9 Billion USD and 13.5% Annual Growth
BCD Travel releases 2023 Cities & Trends Report
The Consulting team at American Express Global Business Travel (Amex GBT) highlights trends that will shape our industry - and its impact on the wider world - across the domains of pricing, technology, future of work, and corporate responsibility.
Global industry professionals report strength in business travel numbers, outlook on potential risks ahead, and how travel policies are evolving to meet the needs of a remote / hybrid workforce
2024 business travel trends unveiled by Globetrender and Cytric Easy by Amadeus
The Return of Business Travel Has Been Greatly Exaggerated. And It's Not Just That Zoom Calls Work for Many Meetings That Used to Be in Person, or That People Got Used to Them. The Biggest Driver of the Drag in Business Travel is Work from Home. 'Return to Office' Isn't Changing This.
After a slower regional rebound over the last few years, business travel spending in Europe is expected to surpass its pre-pandemic spending level of $391.9 billion USD in 2025, when spending is forecast to reach $414.9 billion. This is later than the forecast for global business travel recovery, which is expected to reach $1.5 trillion in 2024 − and grow to nearly $1.8 trillion by 2027.
I like to use the term 'treetings' to describe the combined spend category of travel and meetings. Companies should 'treet' themselves to bigger and better benefits by leveraging the power of a fully aligned travel and meetings strategy. All cuteness aside, leveraging the totality of all spend within a comprehensive approach can lead to so many benefits in a time of steadily rising travel and event costs.