GBTA: business travel spending to reach US$1.6 trillion in 2025

U.S., 21st July: The Global Business Travel Association (GBTA) released its latest GBTA Business Travel Index (BTI) Outlook – Annual Global Report & Forecast, forecasting the global business travel spending to hit a record of US$1.6 trillion in 2025, which represents a 6.6% growth year-on-year.

According to GBTA BTI, spending growth in 2027 will be 6.4%, while 2028 will be 6.3%, which are higher than a year ago.

GBTA also projected the global spending by 2029 to surpass US$2 trillion, where the growth was driven by structural shifts in trade, investment, and corporate travel behaviour.

Suzanne Neufang, CEO of GBTA, said, “As we thoughtfully anticipate reaching a new high in business travel spending this year, the outlook is steady – but the road ahead is more complex. Trade policy uncertainty, inflationary pressures, and shifting global supply chains are reshaping how and where companies travel. This latest forecast reflects the resiliency of business travel and our industry as well as the acknowledgment of the risks ahead.”