WebAug 13, 2024 · In 2024, business-travel spending exceeded $1.4 trillion—21.4 percent of the global travel and hospitality sector. 1 Global economic impact & trends 2024, World Travel & Tourism Council, June 2024, wttc.org. More than half of business travel is concentrated in two economies, China and the United States. WebWhat are global value chains? To stay competitive, enterprises increasingly organise their production globally, breaking up their value chains into smaller parts supplied by a growing number of providers located worldwide.International sourcing of business functions is a key feature of global value chains (GVCs) as European businesses increasingly globalise …
Global business travel spending forecast 2026 Statista
WebThe global business travel market size reached US$ 1.0 Trillion in 2024. Looking forward, IMARC Group expects the market to reach US$ 1.5 Trillion by 2028, exhibiting a growth rate (CAGR) of 7.6% during 2024-2028. Business travel, also known as corporate travel, is a journey explicitly undertaken for work purposes or to expand business operations. WebAug 18, 2024 · Largest gathering of the global business travel industry tackles what’s next with a focus on continued recovery, transformation, sustainability, future of work and DEI … erro 0x80240023 windows update
Business Travel Market Size, Share Industry Research …
WebSep 20, 2024 · The Global Business Travel Association predicts the $1.4 trillion in spend will now return in 2026; there’s some way to go still considering the (relatively) low base of $661 billion spent on ... WebDec 29, 2024 · A study from Oxford Economics found that $12.50 of additional revenue is generated for every $1 spent on business travel. A second study, from Harvard’s Growth Lab, also underlined the vital ... WebThe global business travel market size was valued at $695.9 billion in 2024, and is expected treach $2,001.1 billion by 2028, growing at a CAGR of 13.2% from 2024-2028. Business travel is a division of regular … erro 0xc1900201 windows 11