Corporate travel spending worldwide is forecast to hit a record $1.48 trillion this year, surpassing the level of 2019, and should reach $2 trillion by 2028, according to the Global Business Travel Association (GBTA).

However, the spending forecasts, contained in the latest GBTA Business Travel Index Report, make no allowance for inflation since 2019 and GBTA notes that while overall business travel has increased, international and group travel remain below 2019 levels.

A survey of 4,100 business travellers for the GBTA Index Report found almost two-thirds (64%) reported increased spending on business travel this year compared to 2023.