global business travel statistics 2019

According to the World Travel and Tourism Council (WTTC), the share of GDP generated by the business travel market reached 0.7 percent in 2019. Recovery will be slow and driven by the underlying dependencies countries had on domestic and nonair travel. Global Business Travel Forecast 2018 Statistics The GDS market is projected to be driven by the large and structurally growing travel & tourism sector, and increasing importance and expansion of LCCs. Business. The United States’ share of total international arrivals is 5.4% (down from 6.4% in 2015). The Global Business Travel Association pegs the number of business trips taken annually in the U.S. at 405 million. Millennial Travel Trends for Business | American Express GBT Global Insights. Foreign Tourist Arrivals in India increased by 2.2% (10.7 million) in 2019. in 2019. In March 2020, international visitations were down 96% compared to March 2019 as a result of pandemic lockdowns on travel ()In the year 2020, international travel to the US fell by 76% compared to 2019 ()Prior to the pandemic, direct travel jobs accounted for 6% of the workforce and total travel-supported jobs accounted for 11% () The report entitled “Global Luggage (Business Bags, Travel Bags and Casual Bags) Market: Size, Trends and Forecast (2021-2025 Edition)” provides an in-depth analysis of the luggage market including detailed description of market sizing and growth. Statistics Travel 2019 Travel 10 Future Business Travel Trends & Predictions for 2021 ... Statistics COVID-19 tourism spend recovery in numbers | McKinsey The power of travel to create That's because we're the partner you can lean on for everything from travel and expense management to great meetings to valuable travel advice for any business traveler. The global business travel market size was valued at $695.9 billion in 2020, and is expected treach $2,001.1 billion by 2028, growing at a CAGR of 13.2% from 2021-2028. Business travel is a division of regular tourism in which people travel for a business-oriented purpose. Business spend reflected the fall in business visits, and spending on these trips fell by 9%, from £6.9 billion in 2018 to £6.3 billion in 2019. The Future of Business Travel. Staying on top of the latest travel and tourism trendskeeps your business competitive. Trends & Statistics 2019, updates CREST’s previous industry studies, released every year since 2013. In 2020, international travelers spent $83 billion compared to $233 billion in 2019, a loss of 64% ( US Travel) In 2020, International travelers spent money on US goods and services: Travel spending - $38.1 billion (compared to $139 billion in 2019) Passenger fares - $26.5 billion (compared to $40.1 billion in 2019) Online Travel Booking Statistics. “Pinterest has also reported a 350% increase in women pinning articles in ‘solo female travel’.” Source; Solo travel as a global trend continues to grow. Global Business Travel Accident Insurance Market is estimated to be valued US$ XX.X million in 2019. At the global level, the 9% year-over-year upward trend in business insolvencies continued in 2019; Conversely, North America is on a reversal trend at 3% increase, along with Western Europe at a 2% rise; From 2016 to 2020, business failures are expected to consistently rise by 6% year-over-year Key Statistics: In 2019, there were 21,979 business aircraft jets worldwide (4). The global aviation industry produces around 2% of all human-induced carbon dioxide (CO2) emissions.. 12%. The total contribution of travel and tourism represents 9.7% of GDP in 2013. Global Business. Traffic flow data by route areais provided in this section, along with passenger traffic by cabin class. For tour and activity operators, it can be challenging to find current travel trends and statistics without having to research varies articles across the web. In 2018, it was worth about $1.7tn (£1.3tn), or about 2% of total global GDP. Scope of the Report. While air transport carries around 0.5% of the volume of world trade shipments, it is over 35% by value – meaning that goods shipped by air are very … On the continent, mainline carriers continue to ... 8 GLOBAL BUSINESS TRAVEL FORECAST 2018 GLOBAL BUSINESS TRAVEL FORECAST 2018 9. Business travel spend set to reach two-thirds of pre-pandemic level by 2022. A 4% increase on the previous year which is also forecast for 2020, confirming tourism as a leading and resilient economic sector, especially in view of current uncertainties. 108 / 127. 15 Using data and analytics to gain a competitive advantage For travel agents in particular, to make the most of this 19 The millennial travel trend that follows from these sentiments is the growth and prevalence of “bleisure” travel among millennials who travel for business. The global travel industry is worth $1.6 trillion. Global tourism has been one of the most affected sectors during the COVID-19 crisis. This rounded off a decade of almost continuous revenue growth, highlighting the value of the industry and explaining why hospitality assets have grown in attractiveness for investors. 2%. (Egencia, 2018) 60% of corporate travelers say they don’t understand the need for a company travel policy. Combined with several oral and intangible heritage customs (21st), the country scores relatively well when it comes to cultural resources (45th), essentially matching the global average. These general The Global Report provides a comprehensive and transparent view of our activities, operations and performance in 2019. This section outlines, in summary, traffic and capacity trends of the global air transport industry. Executives and industry leaders took to the stage at the Skift Global Forum in New York City last week, sharing where they see the future of the travel and tourism sector heading in the coming years. New Survey Reveals Requirements for Global Recovery of Business Travel. The global distribution system (GDS) market is expected to register a CAGR of 5.5% between 2019 and 2027. Find in-depth views on current international business topics? This includes business-to-business (B2B) and business-to-consumer (B2C) sales, and is equivalent to 30% of global gross domestic product (GDP) that year. The average hotel rate for business trips is $180 per night, out of a daily spend of $325 per employee. This confirms the industry growth path that investors and owners are currently predicting. (Global Business Travel Association) Annual global business travel costs are set to rise to $1.7 trillion by 2022, according to what was then the National Business Travel Association. 56. U.S. domestic travel increased 1.7% from 2018 to a total of 2.3 billion person-trips in 2019. Alexandria, VA (October 10, 2017) – Time spent in transit is the most challenging aspect of business travel, according to a new report released today by the GBTA Foundation – the education and research arm of the Global Business Travel Association. Croatia. Sharp rise of global mobile travel sales. Meanwhile, global e-commerce sales jumped to $26.7 trillion in 2019, up 4% from 2018, according to the latest available estimates. The report offers a look at the trends impacting cruise travel in the coming year and beyond as well as the overall global economic impact. Other Travel Statistics. American Express Global Business Travel (GBT) is a multinational travel and meetings program management company headquartered in Jersey City, New Jersey, US.. Welcome to GBTA Convention 2019—where the next generation of travel professionals meet world-class education and networking with industry-leading suppliers. The other 50% is held by a Certares-led investor group, including Qatar … Find industry analysis, statistics, trends, data and forecasts on Global Tourism from IBISWorld. Global Distribution System Market in Brief. Q1 2022 projected range of US business travel spend as a share of 2019 spend: 35%–45% Q2 2022 projected range of US business travel spend as a share of 2019 spend: 40%–60% With the beginning of what could be the first full year without COVID-19 as a primary daily concern, most companies will remove pandemic-era executive approval requirements for … The global business travel market increased by 5.8% since 2016. [3] Experts expect the business travel market share to increase by 6% between 2018 and 2019. [4] Global business travel spend 2000-2020 Number of international tourist arrivals worldwide 1950-2020 Number of international tourist arrivals worldwide 2010-2020, by region (CondorFerries) According to global hospitality and tourism industry statistics, the Global travel industry accounts for almost 10% of world GDP. In March 2020, international visitations were down 96% compared to March 2019 as a result of pandemic lockdowns on travel ()In the year 2020, international travel to the US fell by 76% compared to 2019 ()Prior to the pandemic, direct travel jobs accounted for 6% of the workforce and total travel-supported jobs accounted for 11% () Travel Trends Report 2019. International visitations to the U.S. (including overnight visits from Canada and Mexico) decreased 0.7% and totaled 79 million in 2019. (2019) “Making up around 18% of global bookings, solo travel is becoming ever more popular and … The global leisure travel market size was valued at $1,006.5 billion in 2019, and is projected to reach $1,737.3 billion by 2027, registering a CAGR of 22.6% from 2021 to 2027.By traveler type, the group segment garnered the highest leisure travel market share in 2019 and is expected to retain its dominance throughout the forecast period. Winter and summer months are the most popular times of traveling to Finland for leisure purposes. According to the report, the global hotels market was valued at approximately USD 147.57 billion in 2018 and is expected to generate around USD 211.54 billion by 2026, at … (Global Business Travel Association) (CAPA) With the United States spending more than $292 billion on business travel alone, China has reportedly reached a figure of $346.50 billion that funded their international corporate exploits. Ownership. More female entrepreneurship statistics 2021: Women-owned startups received 13% of all venture capital invested in the U.S. 75.942 % of working-age population (2020) Urban Population. With operations across four continents, GBTA’s members manage more than $345 billion of global business travel and meetings expenditures annually. Let’s start with a statistic right away: travel and tourism accounts for 10.4% of global GDP, and nearly 10% of jobs.That’s enormous! 2.641 annual % (2020) Age Dependency Ratio. The Brexit effect on global travel and tourism 3 The rise of smart stadiums 7 Levelling the playing field between ‘tech giants’ and ‘bricks and mortar’ 11 What does the end of PASPA mean for the global gaming industry? While business travel was down by 90% at the height of the pandemic, some companies saw business travel activity return to about 80% of pre-pandemic levels when restrictions eased over the summer Hotels were at 29% occupancy worldwide, compared with 72% occupancy over the same period in 2019 ( McKinsey ) Travel & tourism statistics to know about in 2019 This is an extract from the Travel Trends Report 2019 which is now available to download. Global business travel statistics from 2017 show that $1.33 trillion was spent on business travel worldwide during that calendar year. WTTC works to raise awareness of Travel & Tourism as one of the world’s largest economic sectors, supporting one in … Global concerns for safety and security 3. + More Information The mobile channel is growing rapidly in the travel industry. In autumn as well as in May, the foreign overnights are distributed equally among leisure and business travel. While current global trade tensions are suspected to slow international business travel slightly, it will continue to rise overall. The online 2019 travel market projection of $756 billion is expected to grow to $817 billion by 2020. Australia and Oceania only had 230 active business aircraft in 2019 (7). Get up to speed on any industry with comprehensive intelligence that is easy to read. Under the terms of this newly expanded technology partnership – which takes effect in January 2022 – GBT will increase … In 2019, the Travel & Tourism sector contributed 10.4% to global GDP; a share which decreased to 5.5% in 2020 due to ongoing restrictions to mobility. This marks the first year since the Global Financial Crisis with passenger demand below long-term trend (~5.5%). In 2020, 62 million jobs were lost , representing a drop of 18.5% , leaving just 272 million employed across the sector globally, compared to 334 million in 2019. 57. In 2018, the average loan size for female business owners was 31% lower than it was for male business owners. Las Vegas Opens Convention Center Expansion. The drop seems to be co-related to elections in March when the number of tourist arrivals dropped by -4.8%. annual Global Hotel Study. 3 in 5 job seekers in the USA say that being able to travel via work plays a crucial role in … Home. The operational statistics arepresented for international, domestic, andscheduled operations, worldwide and by region. Global business travel decreased by more than half in 2020 to $694 billion. (PhocusWire, 2021) Corporate travel spending is expected to lose $820 billion as a result of the pandemic. (CNBC, 2020) Business travel is a branch of the tourism industry focusing on visitors who travel for business and professional purposes. Global Exhibitions by UK Organisers 2.0 Incentive travel and performance improvement 1.2 Corporate hospitality and corporate events 1.2 Outdoor events 1.1 Festivals and cultural events 1.1 Music events 2.3 Sporting events 2.3 Total 41.4 Opportunities For Growth in the UK Events Sector, Business Visits and Events Partnership, 2017 Domestic business travel increased 1.1% from 2018 to 464 million person-trips. The World Travel & Tourism Council (WTTC) represents the Travel & Tourism sector globally. 38.534 % of total (2020) Infant Mortality Rate. Tourism Statistics. Get the latest and most up-to-date tourism statistics for all the countries and regions around the world. 2018 has been a year of uncertainty, both politically and economically. A survey found that 55% of millennial travelers were willing to extend a business trip for the sake of leisure travel. The Financial Services Act (FSA) adopted in 2007, simplifies the regulatory regime and consolidates the legislative framework of the global business sector. UK residents travelling abroad for holidays spent £43.4 billion in 2019; this is 70% of the total spent by UK residents abroad. Business travelers are changing, and business travel tools are evolving with them. Another important aspect of the business travel forecast is the fact … Global Business Travel Industry - Statistics & Facts. Travel and tourism is a huge industry, contributing more than 10 trillion U.S. dollars to the global economy in 2017. Business travel is a large part of this industry, making a total global economic contribution of 1.23 trillion U.S. dollars during the same year. The United States’ share of global long‐haul travel is 11.3% (down from 13.7% in 2015). On average, companies will spend $1,425 per employee per trip. 1.1.1.1. In 2016, travel and tourism contributed a total of 198.3 billion euros to GDP in France. Trade Statistics ... Trade Balance Rank. Business Travel. Business travel makes up a significant portion of that, and companies everywhere need ways to make the process easier and more practical for employees.. 1. International tourist expenditure in 2017 was 44.3 billion euros. Travel statistics to know about in 2019 and 2020 For tour & activity operators, it can be challenging to find out what the current travel statistics and insights are, without having to look at hundreds of articles across the web. The US is getting expensive, like Switzerland. Cruise Lines International Association (CLIA) is the unified Tourism in China is a rapid growing industry that is becoming a significant part of the Chinese economy.The rate of tourism has greatly expanded over the last couple decades since the beginning the reform and opening. In 2019, the global hotel industry saw $550 billion in rooms revenues, which was a record and up 2.5% on the prior year. Business travel is a perk. Banks, consultants, sales & marketing teams, accountants and students all find value in IBISWorld. North America had 15,547 private jet aircraft, more than all the other regions combined (5). Statistics about how many employees could work remotely • 56% of employees have a job where at least some of what they do could be done remotely [Global Workplace Analytics] • 62% of employees say they could work remotely [Citrix 2019 poll] • Prior to the pandemic, the majority of office space utilization surveys showed people were not at their desks … ... globalEDGE Newsletter globalEDGE's monthly newsletter Subscribe. American Express Global Business Travel (GBT) is a multinational travel and meetings program management company headquartered in Jersey City, New Jersey, US.. Travel statistics to know about in 2019 and 2020 For tour & activity operators, it can be challenging to find out what the current travel statistics and insights are, without having to look at hundreds of articles across the web. But it does mean tourism is playing an increasingly important role in the global economy. 2019 marks 10 years’ worth of insights stemming from Mastercard’s Global Destination Cities Index. Companies of all sizes, across industries and around the world work with us when planning a business trip and figuring out travel booking and travel costs. In this post, we’ll look at more than 60 interesting statistics that illustrate: SOUTHLAKE, TEXAS – Sabre Corporation and American Express Global Business Travel (GBT) announce a long-term, multi-faceted strategic partnership focused on developing technologies that will enable the future of corporate travel distribution. Americans make more than 405 million long-distance business trips per year, accounting for 16% of all long-distance travel (see Box A), according to a preliminary analysis of the National Household Travel Survey (NHTS).Conducted from 2001 to 2002, the NHTS asked 60,000 people in 26,000 U.S. households about all trips they took in a … You probably won’t be surprised to learn that the most expensive cities for taking business trips are New York and the two largest Swiss cities: Zurich and Geneva. … Travel & tourism statistics to know about in 2019 This is an extract from the Travel Trends Report 2019 which is now available to download. Travel is booming, but for host countries and cities, generating profits can’t live cruise industry trade association, has released the 2019 Cruise Trends and State of the Cruise Industry Outlook. As travel barriers continue to drop, visitors are attracted to its unique cultural resources (5th)—the country’s greatest advantage relative to the regional and global averages. Aviation’s global stature as an economic engine is evident in the statistics. Global Survey Press Release (Korean) – Dec 3, 2019 Global Survey Press Release (Japanese) – Dec 3, 2019 Global Survey Press Release (Spanish) – Dec 3, 2019 The pandemic has deeply impacted business travel: this sector is predicted to lose $810.7 billion in revenue this year. 15.4% growth in worldwide digital travel sales and 10.3% growth in hotel digital bookings. The report on Business Travel Accident Insurance Market provides qualitative as well as quantitative analysis in terms of market dynamics, competition scenarios, opportunity analysis, market growth, etc. The Office for National Statistics has published the following data in relation to inbound visits to the UK during 2019. International arrivals solely for business travel will rise by 18.1% by 2022 (from 217 million in 2018 to 257 million in 2022). 2. Business process management was a $3.38 billion market in 2019, and Mordor Intelligence projects a CAGR of 6.26%, with sales reaching $4.78 by 2025. 36.5 per 1,000 live births (2019) Life Expectancy at Birth. China is expected to see the biggest loss in business travel from COVID-19, where spending is expected to decrease by a total of $404.1 billion. Global mobile travel sales accounted for US$96 billion in 2014 and are expected to reach US$260 billion in 2019, that is 25% of total online travel bookings. Here are some stats related to business travel policies: 72% of corporate travel managers haven’t achieved their desired travel policy compliance level. ( Sojern , 2019) In the future, 41% of travel marketers plan on using SMS or messaging apps, 39% plan on using real-time audience travel data, and 38% plan on using real-time supply and demand data. (Certify) 79% of employees say that business travel experience has an impact on their overall job satisfaction. For the most part, this... Only 50% of business travelers follow their company’s travel policy. Global business knowledge portal connecting international business professionals to a wealth of information, insights, and learning resources on global business activities. These reports are prepared on a one-off basis. The combining of … 1.5 billion international tourist arrivals were recorded in 2019, globally. But compared to 2017-18,the growth dropped by 3%. Digital advertising represents the largest portion of ad spend for all global travel marketers in 2018 at 47 percent—and that number will only grow. For tour and activity operators, it can be challenging to find current travel trends and statistics without having to research varies articles across the web. Travel Trends brings together news and insights from ABTA Members, market information and ABTA research, offering a review of the last 12 months and looking ahead to 2019. 55. China’s economic boom has launched the country’s corporat… • The 2019 air travel demand outcome was impacted by a softer (but still supportive) global economic backdrop and USTA Calls for Consistent Standards To Accelerate Business Travel Recovery. U.S. Business Travel. However, business travel increased slightly more than leisure travel last year. STB Market Insights Reports are special reports written to paint a fuller picture of visitors to Singapore by incorporating observations from STB's Primary Research as well as relevant secondary information. Other Travel Statistics. (2019) “Making up around 18% of global bookings, solo travel is becoming ever more popular and … Its perspective covers financial and non-financial information, and we provide an overview of the company from an economic, social and environmental outlook. A staggering number of people hit the roads and fly the friendly skies for business purposes each year. The Global Business Travel Association pegs the number of business trips taken annually in the U.S. at 488 million. In 2018 digital travel sales worldwide hit $694 billion, and $190.4 billion was from the US. Global Burden of Disease Study 2019 (GBD 2019) Covariates 1980-2019. GBTA’s 9,000-plus members manage more than $345 billion of global business travel and meetings expenditures annually. Global DMC Partners Survey Highlights New Challenges for Meetings and Events. The outlook for global travel spending is expected to reach $1.7 trillion dollars by 2022. 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global business travel statistics 2019