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Global Business Travel Industry - statistics & facts

Business travel is a branch of the tourism industry focusing on visitors who travel for business and professional purposes. According to the World Travel and Tourism Council (WTTC), the share of GDP generated by the business travel market reached 0.7 percent in 2019. In that year, the business tourism spending worldwide - which has more than doubled since 2000 - peaked at roughly 1.28 trillion U.S. dollars. In 2019, the United States alone generated more than one-third of the global expenditure, topping the ranking of the G20 countries ranked by business tourism spending.

Business travel expenses

As with leisure travelers, business travelers are subject to expenses whilst traveling. These expenses often include airfares, hotel costs, and food costs. Unlike leisure travelers, however, business travelers are rarely expected to pay for their trips, and it is usually the traveler’s company that foots the bill. When considering the cost per day, Tokyo was the most expensive city for business travel worldwide in 2019. While Geneva and Tel Aviv were the most expensive global business tourism destinations in terms of daily hotel costs, Zurich dominated the list of the most expensive cities for business travel worldwide ranked by daily food cost.

COVID-19's impact on business travel

In 2020, the coronavirus (COVID-19) pandemic turned the tourism industry upside-down as the ability to travel was limited in order to reduce the spread of the virus. As a result, travel companies implemented layoffs, furloughs, and pay cuts. In terms of travel planning, organizations that considered resuming business trips were more interested in domestic rather than international markets as of December 2020. Looking at the COVID-19 impact on the price of business travel services, roughly six in ten travel managers who took part in a December 2020 survey believed that hotel prices would go down, while airline prices would increase during the pandemic.

Key figures

The most important key figures provide you with a compact summary of the topic of "Global Business Travel Industry" and take you straight to the corresponding statistics.

Business travel expenses

COVID-19 impact on business travel

Interesting statistics

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

Global business travel

Dossier on the topic

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Global Business Travel Industry - statistics & facts

Business travel is a branch of the tourism industry focusing on visitors who travel for business and professional purposes. According to the World Travel and Tourism Council (WTTC), the share of GDP generated by the business travel market reached 0.7 percent in 2019. In that year, the business tourism spending worldwide - which has more than doubled since 2000 - peaked at roughly 1.28 trillion U.S. dollars. In 2019, the United States alone generated more than one-third of the global expenditure, topping the ranking of the G20 countries ranked by business tourism spending.

Business travel expenses

As with leisure travelers, business travelers are subject to expenses whilst traveling. These expenses often include airfares, hotel costs, and food costs. Unlike leisure travelers, however, business travelers are rarely expected to pay for their trips, and it is usually the traveler’s company that foots the bill. When considering the cost per day, Tokyo was the most expensive city for business travel worldwide in 2019. While Geneva and Tel Aviv were the most expensive global business tourism destinations in terms of daily hotel costs, Zurich dominated the list of the most expensive cities for business travel worldwide ranked by daily food cost.

COVID-19's impact on business travel

In 2020, the coronavirus (COVID-19) pandemic turned the tourism industry upside-down as the ability to travel was limited in order to reduce the spread of the virus. As a result, travel companies implemented layoffs, furloughs, and pay cuts. In terms of travel planning, organizations that considered resuming business trips were more interested in domestic rather than international markets as of December 2020. Looking at the COVID-19 impact on the price of business travel services, roughly six in ten travel managers who took part in a December 2020 survey believed that hotel prices would go down, while airline prices would increase during the pandemic.

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