GITNUX MARKETDATA REPORT 2024

Corporate Travel Industry Statistics

The corporate travel industry generates over $1.3 trillion in revenue annually, with business travel expected to continue growing in the coming years.

Statistic 1

"80% of organizations expect an increase in the number of long-term business travel trips."

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Statistic 2

"Only 50% of frequent business travelers expect to travel as much post-pandemic as they did pre-pandemic."

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Statistic 3

"55% of organizations cite employee safety as their top priority for travel policies."

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Statistic 4

"Over 65% of business travelers in the U.S. are between the ages of 25 and 54."

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Statistic 5

"70% of all corporate travel expenses are booked online."

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Statistic 6

"Corporate bookings accounted for 60% of all hotel revenue in 2018."

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Statistic 7

"Business travel spending decreased by 52% in 2020 due to the COVID-19 pandemic."

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Statistic 8

"30% of corporate travelers use ride-sharing services over traditional taxis."

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Statistic 9

"The global corporate travel market was valued at approximately $1.3 trillion in 2019."

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Statistic 10

"Companies with travel policies that focus on traveler care see a 5% increase in employee satisfaction."

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Statistic 11

"In 2021, corporate travel in the U.S. was predicted to recover to about 80% of pre-pandemic levels."

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Statistic 12

"90% of business travelers use corporate travel management tools."

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Statistic 13

"72% of corporate travel managers indicated cost control as their primary concern."

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Statistic 14

"Business travel spending is projected to reach $1.7 trillion by 2023."

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Statistic 15

"As of 2020, 38% of corporate travel budgets were spent on air travel."

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Statistic 16

"Business travelers account for nearly 20% of the total travel market."

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Statistic 17

"The average business trip lasts about 4 days."

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Statistic 18

"40% of companies report using virtual meeting technology to replace at least some travel."

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Statistic 19

"Global spending in the corporate travel sector is expected to grow by an average of 4.3% annually over the next decade."

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Statistic 20

"Corporate travel represents approximately 15% of total airline revenues globally."

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