Business Travel, We're Back
![airplane, passport, and briefcase](https://cdn.prod.website-files.com/6400f5db669916305f63913b/66a24dee03e6596dc120c670_newsletter-business%20travel.png)
Business trips are back, and they hold significant value across industries.
A new report from Deloitte indicates business travel spend may reach or surpass pre-pandemic levels by the end of the year.
- Most travel managers expect their companies’ spend to grow in both 2024 and 2025
- Those managers predict 14 to 15% spending growth each year
Conferences, sales visits, and client project work are all driving the comeback.
While business travel has taken longer to rebound than leisure travel, which bounced back almost immediately after the pandemic, it’s a vital revenue source for airlines, hotels, and travel agencies.
Even though business trips only account for ~12% of total U.S. travel, they make up as much as 75% of revenue on certain flights because they are often willing to spend for better seats, amenities, and last-minute travel plans.
So, yeah, business travel is a big deal and has huge ramifications for the economy.