Business Travel Spending Forecast to Hit Record in 2025

Zoom works fine. But it turns out there's something irreplaceable about looking someone in the eye while discussing revenue projections in a beige conference room in Dallas, Sao Paulo, or Mumbai.

Business travel spending worldwide is projected to reach an all-time high of $1.57 trillion by the end of 2025, the Global Business Travel Association (GBTA) said Monday.

This year's forecast represents a rise of 6.6% over last year. However, it may represent a loss of potential. Before President Trump launched a tariff war, business travelers had predicted 10% growth for this year.