Global business travel spending 2019-2020, by region
The coronavirus (COVID-19) pandemic massively disrupted global travel and tourism in 2020. Countries across the globe enacted emergency measures and travel bans to curb the spread of the virus. Due to the impact of the pandemic, business tourism spending fell dramatically in 2020 over the previous year across all global regions. Overall, Asia Pacific recorded the highest figure in 2020, with spending on business trips amounting to nearly 174 billion U.S. dollars that year, dropping sharply from over 403 billion U.S. dollars in 2019. Europe reported the second-highest expenditure in 2020, adding up to 152 billion U.S. dollars.
