News to Know
The Power Shift: How Travelers Are Transforming the Future of Business Travel
(SOURCE: HOSPITALITY NET, GBTA FEATURED)
Business travel is booming. According to the GBTA’s Business Travel Index Outlook report, business travel spending is projected to reach $1.4 trillion this year and climb to $1.8 trillion by 2027.
So what is driving business travel’s big comeback?
Business travel is essential for many jobs, including sales, client services, consulting, event management, and construction, among others. Travel is a key part of their work and is carefully budgeted for for these professionals, no matter the economic situation. Meeting clients face-to-face is still very important. Companies believe that in-person meetings boost performance and growth. Nearly 87% of business travelers agree.
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