Business Travel Market Report 2026

The business travel market size has grown rapidly in recent years. It will grow from $1.0 trillion in 2025 to $1.13 trillion in 2026 at a compound annual growth rate (CAGR) of 12%. The growth in the historic period can be attributed to growth in corporate globalization, expansion of multinational business operations, increasing importance of face-to-face meetings, development of global air travel networks, adoption of managed travel programs.

The business travel market size is expected to see rapid growth in the next few years. It will grow to $1.81 trillion in 2030 at a compound annual growth rate (CAGR) of 12.6%. The growth in the forecast period can be attributed to increasing recovery of corporate travel demand, rising investments in travel technology platforms, growing focus on cost optimization, expansion of sustainable travel initiatives, increasing personalization of business travel services. Major trends in the forecast period include increasing adoption of digital travel management platforms, rising focus on sustainable business travel policies, growing use of data-driven travel spend analytics, expansion of flexible and hybrid travel models, enhanced integration of mobile booking tools.

The surge in exhibitions is anticipated to drive the expansion of the business travel sector in the foreseeable future. Exhibitions, structured events where products, artworks, or information are showcased to the public, are witnessing a surge due to their recognized efficacy in facilitating direct interaction with customers and enhancing brand visibility in competitive markets. These events serve as pivotal points within business travel, offering platforms for companies to network, exhibit products, and nurture client relationships globally. For example, as reported by UFI, the Global Association of the Exhibition Industry, in February 2024, the exhibition industry across most global markets had rebounded from the pandemic downturn in 2023, with revenues matching those of 2019 on average. Moreover, the outlook for 2024 is optimistic, with revenues projected to grow by an average of 15%, positioning the industry for record-high revenue levels. Hence, the upsurge in exhibitions is propelling the expansion of the business travel market.

Major players within the business travel sector are pioneering innovative solutions, such as AI-driven flight organization platforms, to streamline reservation procedures, enrich traveler experiences, and maximize cost-effectiveness. These AI-driven flight organization platforms are digital solutions employing artificial intelligence algorithms to assess and prioritize flight alternatives based on criteria such as safety, affordability, travel duration, and traveler preferences. For example, in July 2023, BCD Travel, a Netherlands-based enterprise specializing in business travel services, introduced GetGoing, a comprehensive digital platform tailored for small and medium-sized businesses in the United States. GetGoing seamlessly integrates user-friendly self-service functionalities with expert guidance, offering a range of services including booking, policy automation, reporting tools, traveler safety provisions, and expert support. By simplifying travel management procedures, GetGoing facilitates effortless booking and policy configuration while providing real-time cost optimization insights through dynamic reporting capabilities.

In June 2024, Reed & Mackay, a UK-based travel management and related services company, acquired Regent International S.R.L. for an undisclosed amount. This acquisition is part of Reed & Mackay's strategy to strengthen its presence in the European market and expand its capabilities in corporate travel management. Regent International S.R.L., an Italy-based company, specializes in providing corporate travel management services, which will complement Reed & Mackay's existing offerings and enable the company to better serve clients across Europe with enhanced travel solutions and personalized services.

Major companies operating in the business travel market are American Express Company, Delta Air Lines, United Airlines Inc., Lufthansa Ltd, British Airways plc, Travelport Worldwide Ltd, SAP Concur, Orbitz, BCD Group, Navan Inc., Carlson Wagonlit Travel (CWT), Upside Business Travel, Corporate Travel Management Ltd, Clarity Business Travel Agency, FCM Travel Solutions, Paxes, Deem Inc., TravelPerk, SOTC Travel Limited, Serko Ltd, Thomas Cook, Wexas Travel Management.

Asia-Pacific was the largest region in the business travel market in 2025. The regions covered in the business travel market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the business travel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The business travel market includes revenues earned by entities by providing services such as booking accommodations and transportation, itinerary planning, expense management, and travel insurance. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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