Global Business Travel Spending to Reach Record $1.71 Trillion in 2026 Despite Confidence Drop
💰 Global growth is projected to slow to 3% in 2026, influenced by Middle East conflicts affecting energy costs. Inflation is rising to 4.7%. Business travel confidence has dropped, with only 41% optimism in April 2026. Meanwhile, international travel increased by 2% in Q1 2026, with Europe welcoming 130 million visitors. The RevPAR forecast for US hotels is revised to 4.4%, driven by luxury segments. Events such as Bruno Mars and Metallica tours are boosting hotel demand.
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