Business Travelers Pack Their Bags

This podcast episode explores the expectations and trends in corporate travel for the second half of the year. A corporate travel survey reveals that 50% of respondents anticipate a return to pre-COVID travel itineraries, with budgets projected to increase by 5% to 7% in 2024 and around 6% in 2025. This indicates a rise in flights, hotels, and car bookings for corporate travel. Larger enterprises are more optimistic about travel demand compared to smaller ones, but there are concerns about corporate travel volumes not returning to 2019 levels in Europe. Despite this, the survey suggests a stable transition to virtual meetings, with 12-13% of travel volume expected to be replaced by virtual meetings. Monitoring corporate travel trends and sharing market insights is encouraged.