Historic record in business travel spending forecast for 2025 despite global uncertainty

23-07-25

The business travel sector is set to reach an unprecedented milestone in 2025, with global spending projected to hit $1.5 trillion, surpassing pre-pandemic levels. This figure, revealed in the annual Global Business Travel Outlook report by the Global Business Travel Association (GBTA), signals a strong and sustained recovery for the corporate travel segment, despite ongoing economic, geopolitical, and environmental challenges across the international landscape.

In recent years, the business travel industry has undergone profound transformation. The COVID-19 pandemic forced a structural reconfiguration of the sector, with spending plummeting by nearly 60% at its lowest point. However, 2024 has marked the beginning of a phase of consolidation. According to GBTA, corporate travel spending is expected to reach $1.45 trillion by the end of this year, fully recovering the levels recorded before 2020 and laying the groundwork for the record-setting growth forecasted for 2025.