Statistics and Market Data on Business Travel
On this page, we present statistics, facts and Statista Dossiers about the business / corporate travel industry.
In general , business/corporate travel involves all travel-related arrangements such as transportation, accommodation and subsistence. Figures on numerous kinds of expenses related to conferences, travel, exhibitions and meetings can also be found in this category.
Depending on the size of a company and its travel management policy, corporate travel management (CTM) is carried out by a corporate travel manager most of the time. This task is usually part of the Finance, Human Resources, Procurement or any Administrative Services Department. However, many companies decide to outsource this job , so the actual booking and sometimes even travel management is often delegated or outsourced to so-called Travel Management Companies (TMC). Amongst the largest companies in the field are Travel Solutions International (TSI), Omega World Travel, BCD Travel, Carlson Wagonlit Travel, GSM Travel, MeritBiz and others.
Travel management can be a significant item of expenditure on a company’s tally. Oftentimes the expenses for corporate/business travel make up a corporation’s second or third largest controllable expense behind salaries and wages and IT expenditure.