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Business Travel Industry in the U.S. - statistics & facts

The travel and tourism industry is one of the largest industries in the United States. Business travel falls under this umbrella and refers to trips taken for the purpose of work and not for leisure, recreation, or entertainment. Many companies take part in business travel each year, but the leading company by booked air volume in the United States in 2019 was Deloitte, with nearly 600 million U.S. dollars booked, just ahead of tech companies like Amazon and IBM.

Business travel’s share of the U.S. tourism market

Business travel makes up a sizable portion of the travel and tourism industry in the Unites States. In 2019, it made up 30 percent of total spending in the U.S. travel market. As a result, this sector also provides a source of employment for many people, and the number of jobs supported by business travel in the United States was over 2.5 million in 2019. Additionally, business travel can be broken down into domestic and international travel. The number of domestic business trips in the United States was relatively stable over the last decade at around 450 million trips every year until 2020, when the coronavirus (COVID-19) pandemic prevented normal travel and caused the number of total trips to drop significantly, though they were predicted to rise again in the following years. When looking at international travel, the number of overseas business tourist arrivals was over five million in 2019, though the impact of COVID-19 on this number was significant in 2020.

Impact of the coronavirus (COVID-19) on business travel in the U.S.

As normal travel was not possible in 2020 due to COVID-19, the business travel industry in the U.S. took a significant hit. Domestic business travel spending in the U.S. reached a low of 131 billion U.S. dollars in 2020, a decrease of 160 billion U.S. dollars from the previous year. Though this number is expected to increase again by 2024, it is not expected to fully recover to the level of spending prior to COVID-19 for some time. During a worldwide poll taken in February 2021 to determine if companies are planning to resume travel , only 20 percent of company respondents planned to resume travel to the U.S. in the next one to three months, with the majority remaining unsure. Meanwhile, stay-at-home measures have led to a rise in virtual meetings. However, a 2020 survey on public preference in the U.S. for in-person vs. hybrid meetings indicated that only 22 percent of respondents either preferred or strongly preferred hybrid meetings.

Key figures

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Business travelers

Companies

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Business travel in the U.S.

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Business Travel Industry in the U.S. - statistics & facts

The travel and tourism industry is one of the largest industries in the United States. Business travel falls under this umbrella and refers to trips taken for the purpose of work and not for leisure, recreation, or entertainment. Many companies take part in business travel each year, but the leading company by booked air volume in the United States in 2019 was Deloitte, with nearly 600 million U.S. dollars booked, just ahead of tech companies like Amazon and IBM.

Business travel’s share of the U.S. tourism market

Business travel makes up a sizable portion of the travel and tourism industry in the Unites States. In 2019, it made up 30 percent of total spending in the U.S. travel market. As a result, this sector also provides a source of employment for many people, and the number of jobs supported by business travel in the United States was over 2.5 million in 2019. Additionally, business travel can be broken down into domestic and international travel. The number of domestic business trips in the United States was relatively stable over the last decade at around 450 million trips every year until 2020, when the coronavirus (COVID-19) pandemic prevented normal travel and caused the number of total trips to drop significantly, though they were predicted to rise again in the following years. When looking at international travel, the number of overseas business tourist arrivals was over five million in 2019, though the impact of COVID-19 on this number was significant in 2020.

Impact of the coronavirus (COVID-19) on business travel in the U.S.

As normal travel was not possible in 2020 due to COVID-19, the business travel industry in the U.S. took a significant hit. Domestic business travel spending in the U.S. reached a low of 131 billion U.S. dollars in 2020, a decrease of 160 billion U.S. dollars from the previous year. Though this number is expected to increase again by 2024, it is not expected to fully recover to the level of spending prior to COVID-19 for some time. During a worldwide poll taken in February 2021 to determine if companies are planning to resume travel , only 20 percent of company respondents planned to resume travel to the U.S. in the next one to three months, with the majority remaining unsure. Meanwhile, stay-at-home measures have led to a rise in virtual meetings. However, a 2020 survey on public preference in the U.S. for in-person vs. hybrid meetings indicated that only 22 percent of respondents either preferred or strongly preferred hybrid meetings.

Interesting statistics

In the following 6 chapters, you will quickly find the {amountStatistics} most important statistics relating to "Business Travel Industry in the U.S.".

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