Global business travel spending fell by nearly 54 percent in 2020 over the previous year due to the coronavirus (COVID-19) pandemic, amounting to roughly 661 billion U.S. dollars. According to the Global Business Travel Association (GBTA), the business tourism expenditure worldwide is projected to return to pre-pandemic levels by 2024, reaching around 1.48 trillion U.S. dollars.
Business tourism spending worldwide in 2019 and 2020, with a forecast until 2025
(in billion U.S. dollars)
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Business Travel News. (December 13, 2021). Business tourism spending worldwide in 2019 and 2020, with a forecast until 2025 (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 17, 2022, from https://www.statista.com/statistics/1093324/business-travel-spending-worldwide-outlook/
Business Travel News. "Business tourism spending worldwide in 2019 and 2020, with a forecast until 2025 (in billion U.S. dollars)." Chart. December 13, 2021. Statista. Accessed May 17, 2022. https://www.statista.com/statistics/1093324/business-travel-spending-worldwide-outlook/
Business Travel News. (2021). Business tourism spending worldwide in 2019 and 2020, with a forecast until 2025 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 17, 2022. https://www.statista.com/statistics/1093324/business-travel-spending-worldwide-outlook/
Business Travel News. "Business Tourism Spending Worldwide in 2019 and 2020, with a Forecast until 2025 (in Billion U.S. Dollars)." Statista, Statista Inc., 13 Dec 2021, https://www.statista.com/statistics/1093324/business-travel-spending-worldwide-outlook/
Business Travel News, Business tourism spending worldwide in 2019 and 2020, with a forecast until 2025 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1093324/business-travel-spending-worldwide-outlook/ (last visited May 17, 2022)
