Global business tourism spending has seen year-over-year growth over the past decade. In 2019, expenditure rose by 2.6 percent over the previous year. Conversely, business travel spending worldwide recorded the most significant year-on-year drop in 2009, during the financial crisis, declining by 12.6 percent over 2008.
Year-on-year (YoY) percentage change in business tourism spending worldwide from 1995 to 2019
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WTTC. (January 4, 2021). Year-on-year (YoY) percentage change in business tourism spending worldwide from 1995 to 2019 [Graph]. In Statista. Retrieved February 27, 2021, from https://www.statista.com/statistics/1194737/percentage-change-in-global-business-tourism-spending/
WTTC. "Year-on-year (YoY) percentage change in business tourism spending worldwide from 1995 to 2019." Chart. January 4, 2021. Statista. Accessed February 27, 2021. https://www.statista.com/statistics/1194737/percentage-change-in-global-business-tourism-spending/
WTTC. (2021). Year-on-year (YoY) percentage change in business tourism spending worldwide from 1995 to 2019. Statista. Statista Inc.. Accessed: February 27, 2021. https://www.statista.com/statistics/1194737/percentage-change-in-global-business-tourism-spending/
WTTC. "Year-on-year (Yoy) Percentage Change in Business Tourism Spending Worldwide from 1995 to 2019." Statista, Statista Inc., 4 Jan 2021, https://www.statista.com/statistics/1194737/percentage-change-in-global-business-tourism-spending/
WTTC, Year-on-year (YoY) percentage change in business tourism spending worldwide from 1995 to 2019 Statista, https://www.statista.com/statistics/1194737/percentage-change-in-global-business-tourism-spending/ (last visited February 27, 2021)