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Amidst US Government Actions, Nearly One-Third of Travel Managers Anticipate Business Travel Volume Will Decrease Significantly in 2025
As a result of recent US government actions, global business travel professionals are newly navigating a complex and uncertain landscape regarding the potential impact on business travel volume, spending and revenue for 2025. According to a new GBTA poll of 900+ global buyers, suppliers and intermediaries released today, a significant portion are anticipating declines ahead and overall optimism has taken a hit, reflecting the uncertainty gripping the sector and other industries.
Some GBTA poll highlights include:
- 44% of buyers don’t anticipate an impact to their business travel spending and volume in 2025, compared to 25% of travel suppliers in terms of their revenue.
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However, 29% of buyers expect a decline in volume, averaging a 21% decrease. And 27% predict a 20% decrease on average in their spending.
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37% of travel suppliers and travel management company professionals anticipate a decline of 18% on average in related revenue.
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Additionally, up to 20% have or are considering cancelling, moving or pulling attendance from meetings and events located in the US.
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31% of respondents are optimistic in their outlook for 2025, while 40% are neutral (compared to GBTA’s November 2024 poll where 67% reported an optimistic outlook and 26% were neutral).
“While the outlook for global business travel was incredibly strong coming into 2025, our research shows increasing concerns and uncertainty considering recent actions taken by the US government. Traveling for work plays a vital role in supporting business growth, resilient economies, strong diplomatic ties and valuable connections,” said Suzanne Neufang, CEO, GBTA.
Read today’s full announcement here.
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