| | |

Canadian Business Travel is Forecast to Return to Pre-Pandemic Levels in 2024, Reaching $25.9 Billion USD and 13.5% Annual Growth

GBTA’s Canada Conference spotlights the resurgence in business travel spending, evolving industry trends, recognition of association volunteers and introduction of new regional leaders  

Business travel in Canada is poised for a strong, evolving future, according to the takeaways and forecasts unveiled during the Global Business Travel Association (GBTA) Canada Conference 2024 held in Toronto this week, April 22-24. As the premier trade association and “voice” of the global business travel industry, GBTA welcomed business travel professionals, companies and guests from across Canada and beyond to the Beanfield Centre for its 20th annual regional event.  

Over 600 registered business travel buyers, suppliers and other attendees, including over 50 exhibiting companies, came together for main stage presentations, panel conversations and education sessions. The event also included recognition of GBTA’s Canadian volunteers and the conference’s legendary “Big Night Out” networking event.  
 
Strong Forecast and Outlook for Business Travel in Canada  
 
An eagerly anticipated aspect of the Conference, GBTA released the Canada-specific forecast from its Business Travel Index™ (BTI) Outlook report along with other research highlights, insights and trends ahead for the industry. According to data from the latest GBTA BTI report, business travel spending in Canada is expected to recover to its pre-COVID level this year, which is one year later than the broader North American region but parallel to the global rate of recovery.  

For 2024, GBTA forecasts indicate Canadian business travel spending is anticipated to reach $25.9 billion USD, representing annual growth of 13.5%. This outpaces both global (11.8%) and United States (9.2%) growth forecasts. In 2019 before the pandemic, Canadian business travel had reached $25.7 billion USD.  

Other key GBTA research takeaways for the Canada business travel sector included: 

  • Canadian travel buyers expect to spend more on business travel in 2024, with nearly three in five (59%) planning for their companies’ spend to be higher compared to last year. 
  • Nearly two-thirds (65%) of Canadian travel buyers expect their company will take more business trips this year compared to last year, but two in five (18%) expect the same volume of business trips.   
  • When asked about challenges, Canadian buyers and suppliers cited financial concerns at the top of their list, namely the rising cost of travel, overall economic conditions and corporate budgets not keeping pace with needs.   
  • In the 2023 GBTA BTI’s worldwide survey of business travelers, 57% of Canadian business travelers who responded say they traveled the same amount or more than they did pre-pandemic. 
  • 55% said they blended travel (i.e. combining leisure travel with their business trips) more than they did in 2019. 
  • They reported spending an average of $884 USD per business trip in 2023. 
  • 82% said business travel is worthwhile in achieving their business objectives. 

New National and Regional GBTA Leadership Takes the Stage 

Janette Acosta Sanchez, who joined GBTA in February as Country Director for Canada, took the conference’s main stage for the first time, leading key sessions and reiterating the organization’s commitment to educate, communicate and advocate for a thriving post-pandemic Canadian business travel industry.   

“Canada is a truly diverse country, marked by a variety of cultures, mindsets and priorities. There are no ‘one size fits all’ solutions and GBTA is squarely focused on creating a sustainable, successful future for the Canadian business travel industry. A strong business travel industry is essential to the region, from ensuring our future workforce to making Canada one of the top economies for global business travel,” said Sanchez. 

Along with Acosta Sanchez and an esteemed group of presenters, panelists and guests, Cristina Scott, GBTA Senior Vice President for the Americas, also addressed the conference’s attendees for the first time since joining GBTA in August 2023. 

“One of GBTA’s pillars is uniting the business travel community, and we recognize Canada has a unique travel market, filled with diversity in its people and priorities. With so much going on in our industry right now as we continue to discover what a post-pandemic business travel sector looks like, we are committed to making sure Canada’s voice is heard while we look ahead and navigate the future of business travel together,” said Scott.  

Conference Celebrates a Milestone, Recognizes Volunteers and Delivers Actionable Education and Takeaways  

GBTA Board of Directors President, Mark Cuschieri, opened the conference by noting 2024 marks 20 years GBTA has held a Canada Conference.  

GBTA’s head of Government Relations and Community Affairs, Shane Downey, discussed the association’s advocacy priorities and actions taken globally and in Canada. He also led a discussion with expert panelists on how the travel industry is responding to government initiatives and seeking solutions. Additionally, a main stage fireside chat on the country’s accessibility standards included Canadian government officials. 

GBTA again recognized outstanding volunteers in Canada for their contributions. Award recipients are: 

  • GBTA Volunteer Inspiration Award: Patrick Doyle, Chief Commercial Officer for Flight Claim 
  • Business Travel Service Award winners for Canada: Jennifer Urquhart, Director, Strategic Sales at Enterprise Mobility, and Charles Crowder, Head of Global Airline Relationships at ARC Corporation 

Education sessions focused on critical priorities and opportunities in the Canadian business travel sector including travel manager needs of the future; traveler evolution and the passenger journey; embracing Artificial Intelligence (AI) and other technologies; the continuing roll-out of New Distribution Capability (NDC); and sustainability in business travel. The event also included numerous buyer and supplier sessions, networking opportunities, and a special welcome event for new and returning industry professionals. The Canada Conference’s concluding main stage was an “Ask Me Anything” session with supplier and buyer panelists who answered questions about various topics related to the Canadian business travel landscape. 

GBTA also announced it will host its 21st Canada Conference again at the Beanfield Centre in Toronto April 28-30, 2025.  

To view photos from the GBTA Canada Conference-Toronto, visit the event gallery here. Interviews about the latest developments from industry leaders at the conference’s Broadcast Studio will be uploaded to GBTA’s YouTube channel in the next few days.