Travel Priorities for Business Leaders in 2023
This SAP Concur blog post predicts that in 2023, business leaders will need to weigh the costs and benefits of their corporate travel programs while maintaining focus on technology, hybrid work, employee experience, DEI, and sustainability. It cites GBTA CWT forecast that cost per event attendee will be 32% higher in 2023 than in 2019.
Impact and considerations
Travel programs need to balance cost control with business growth while focusing on employee experience and sustainability.
Key points
- 88% of finance managers said their company experienced revenue loss in 2021 due to reduced travel.
- Cost per event attendee expected to be 32% higher in 2023 than in 2019.
- Leaders need to balance cost savings with growth opportunities.
- Maintain investment in DEI and sustainability.
- Travel as a talent retention tool.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 12 Dec 2022, 19:26
- Page published
- 14 Aug 2026, 08:29
- Last updated
- 12 Dec 2022, 19:26
- Original links
- SAP Concur Blog：Travel Priorities for Business Leaders in 2023 (opens in a new tab)Primary source · en · Published 12 Dec 2022, 19:26