Spending on business travel to hit US$1.5 trillion in 2024–WTTC

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Spending on business travel to hit US$1.5 trillion in 2024–WTTC - Business Mirror

Quick Summary:

BUSINESS travel has rebounded in most parts of the world, and is predicted to reach US$1.5 trillion, exceeding prepandemic levels.

It recently noted the reanimation of the global tourism industry with the Asia-Pacific region fueling the overall growth in international arrivals.(See, “Foreign tourists stay longer, pay premium tickets to PHL” in the BusinesssMirror, October 13, 2024.

The US accounted for 30 percent of the global business travel expenditures in 2019.