financeHotel Business··1 min·For: Owner, GM, Revenue, Marketing
GBTA Projects Business Travel Spend to Hit $1.71 Trillion in 2026
Global business travel spending is projected to reach $1.71 trillion in 2026, driven by higher travel costs rather than significant trip volume growth. While spend will grow by 7.2%, overall trip volume is expected to rise by just 1.3% as companies focus on travel ROI.
Key Takeaways
- 1Global business travel spending is forecast to hit $1.71T in 2026, up 7.2% year-over-year.
- 2Trip volume will grow just 1.3% to 1.84 billion trips, showing cost inflation is driving spend growth over volume.
- 3The U.S. ($423B) and China ($403.7B) represent 48% of total global business travel expenditure.
Source: Hotel Business
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