GBTA: Global business travel spending to hit record $1.71T in 2026
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Spending growth outpacing trip volume indicates companies are emphasizing value per journey, with significant implications for travel management, hotels, and airlines.
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- Hotel Dive FeedGBTA: Global business travel spending to hit record $1.71T in 2026
According to GBTA's latest report, global business travel spending is projected to reach a record $1.71 trillion in 2026, up 7.2% year-over-year, while the number of trips is expected to grow only 1.3% to 1.84 billion, indicating that corporate travel is becoming more selective and productivity-focused. The report, based on a survey of 4,700 business travelers across 66 markets, highlights that rising transportation and travel costs are dampening demand, while AI-related investment in North America is emerging as a significant driver of travel growth. GBTA projects spending to surpass $2 trillion by 2030.