Global business travel spend to reach US$1.8 trillion by 2027 – Business Traveller
Global business travel spending rose by 47 per cent to US$1.03 trillion last year and is expected to grow to nearly US$1.8 trillion globally by 2027, according to a report by the Global Business Travel Association (GBTA).
The 2023 GBTA Business Travel Index Report also found that the global business travel industry rebounded faster than expected in 2023. It attributed factors including pent-up demand following the pandemic and healthier economic conditions than forecasted as having significantly contributed to this recovery.
It comes at a time that the Arabian Travel Market (ATM) has announced a strategic partnership with the International Congress and Convention Association (ICCA) and the Global Business Travel Association (GBTA) for the upcoming edition of the annual ATM event. It will...