How economic pressures, sustainability goals, and tech innovations are reshaping corporate travel
Mar 13, 2025
The Advantage Travel Partnership, in collaboration with Travelogix, has released the 8th edition of the Global Business Travel Review. The report provides in-depth insights from industry experts and analyses 33.7 million business travel bookings between 2019 and 2024, totaling £16.5 billion in transactional value. It highlights key trends shaping business travel, including shifting booking behaviors, economic influences, and sustainability-driven decisions.
Key takeaways
- Growth in transactions: Business travel transactions increased by 15.5% in 2024 compared to 2023, with every month showing an upward trend except for June, which saw a decline;
- Decline in average transaction value: Despite the rise in bookings, the average transaction value dropped from £429.35 in 2023 to £399.81 in 2024, reflecting more budget-conscious travel decisions;
- Shift to economy class: More travelers opted for economy over business class, with economy bookings increasing from 79% in H1 2024 to 79.81% in H2 2024;
- Shorter trips: The average trip duration declined by 33%, from 6.9 days in 2023 to 4.62 days in 2024, driven by economic constraints and evolving corporate travel policies;
- Macroeconomic challenges: Inflation, currency fluctuations, and tax increases (especially in the UK) are influencing travel budgets and decisions;
- Sustainability influence: A stronger focus on eco-friendly travel is pushing companies to book economy class flights, which have lower carbon footprints.
Get the full report at The Advantage Travel Partnership
