Business-Travel Spending Set to Hit New Highs in ’24
Looking at global spending on business travel, the report has some good news and some bad news. On the positive side, business travel spending grew to $1.34 trillion in 2023, a 30-percent increase over 2022. That total is expected to rise more than 10 percent to $1.48 trillion in 2024, which will be an all-time high and the first time that annual global spending surpassed pre-pandemic levels. However, when researchers account for inflation, the growth isn’t as remarkable.
