Business travel in the U.S. from domestic and international travelers amounts to around $387 billion in annual revenue. ; While business trips currently account for roughly 12% of total U.S. air travel, they make up to 75% of airlines’ profits. ; At least 35% of U.S. businesses engage in business travel.
7 min read · 25 Business Travel Statistics Showing the State of the Industry · Our team has compiled and categorized statistics that shed light on the state of business travel in 2024 and beyond.
Explore these essential business travel statistics to make your next corporate journey smoother, more cost-effective, and a whole lot more fun.
In many industries, travel is a regular necessity for business. Even in the post-COVID age of telecommuting and Zoom meetings, companies are willing to spend significant amounts on travel for in-person collaboration. Why is this the case? How much is spent on business travel? Where does that money go? What are the trends in the business travel industry? Who travels for business, where are they going, and how long are they staying? These are all key questions for understanding the business travel...
Business Insider conducted a travel insurance survey of 971 US adults in December 2023 through Momentive AI Audience. ; It found that most travelers who bought travel insurance were concerned about their travel provider or their health. ; The survey also uncovered that most travelers would be willing to pay for insurance in the future.
Research published by Harvard’s Growth Lab in 2020 confirmed something we’ve known for a long time at TravelPerk. Corporate travel plays a really important role in the · growth of a country’s new and existing industries . The travel restrictions imposed around the world as a result of the outbreak of the coronavirus brought the travel industry to a halt, having a massive impact on business and economics worldwide. From business travel trends to industry disruptors, we’ve collected a ra...
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Business travel statistics provide a unique insight into the corporate world. Check out the latest numbers to learn about the state of the industry.