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June 5, 2024

U.S. Business Travel Responsible for 2% of U.S. GDP and 3.5% of Employment, According to GBTA Economic Study

GBTA today unveiled a new study, the “GBTA U.S. Economic Impact Study: Business Travel’s Impact on Jobs and the U.S. Economy,” which quantifies the significant economic impact of traveling for work in the U.S. The report shows that the business travel industry provided a major boost to the U.S. economy in 2022, the latest full year for which a complete set of data is available for analysis.

GBTA’s study shows for every dollar spent on business travel, $1.15 was returned to the U.S. economy as net-new gross domestic product (GDP). The study also includes profiles of U.S. business travelers to better understand their profile, behavior, motivations and spending patterns.

“Business travel continues to be a substantial contributor to the health of the U.S. economy,” said Suzanne Neufang, CEO, GBTA. “Business travel supports millions of jobs and delivers billions in tax revenue, which is why it is important for policymakers to consider the impact on the industry when devising economic policy – and for sustainable solutions to be prioritized, funded and developed to help us abate travel’s hardest-to-abate sectors.”

Additional study highlights include:

  • A total of 429.9 million business trips were taken within the U.S.
  • For every 1% of growth in business travel, the U.S. economy sees nearly 60,000 jobs, $2.9 billion in paid wages, $1.2 billion in tax revenue and $4.8 billion in new GDP
  • Business travelers spent an average of $632 per business trip and 4.1 days per trip.
  • The average age of a U.S. business traveler is 44.3 years.
  • Blended travel - where business and leisure trips are combined - made up over a third of all travel (33.8%).
  • The top 15 states ranked by overall business travel destination spending accounted for 65% of total U.S. business travel expenditures.

Read the full GBTA U.S. Economic Impact Study here. (For more information about GBTA Research, visit GBTA’s web page.)

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Industry Spotlight


GBTA WINiT
GBTA WINiT Awards:
Let’s Celebrate Our Industry’s Change-Makers

Do you know an outstanding woman leader who is making business travel more diverse and inclusive for future generations? Or do you want to acknowledge a man or company for driving women’s career advancement within our industry? The GBTA WINiT Awards honor the individuals and companies who are moving the needle for women in travel-related industries. All global organizations and individuals within business travel are eligible to submit nominations; nominate a colleague or organization by August 30.

Nominations Due August 30

Resources


Crisis24 Intelligence Brief

Chile - Severe weather forecast across parts of central Chile through at least June 6. Transport, business, and utility disruptions possible.

France - Aviation workers, including ATC continue strike in France until June 7. Extension planned June 8-15. Sporadic air travel disruptions likely.

Germany - Flooding impacting parts of southern Germany in early June. Localized evacuation orders are in place.

Italy - Unionized taxi drivers in Italy call off planned June 5-6 nationwide strike.

More Information

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November 4 - 6

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