Global business travel spending is set to reach $2.4 trillion (USD$1.71 trillion) in 2026, but the number of trips is barely moving, according to GBTA’s latest Business Travel Index.
The association’s new forecast shows spending is up 7.2%, while trip volume rises just 1.3% to 1.84 billion — a gap largely driven by higher airfares, transportation pressures, and geopolitical instability.
In other words, companies are still travelling, but they’re being more selective, says the Global Business Travel Association report.
“Companies haven’t stepped away from travel, but they are increasingly more selective and productivity-focused,” said GBTA CEO Suzanne Neufang.
“While business travel spending continues to grow, the number of trips is rising more slowly ... companies are critically disciplined about where, how and why they travel.”
The report, released 03AUG, covers 72 countries, 44 industries and includes survey data from 4,700 business travellers. It also confirms that 2025 spending grew 8.4% to $1.59 trillion, beating last year’s expectations.
For the first time, GBTA included global trip volume estimates, which showed business travelers took 1.82 billion trips in 2025, with Asia and Europe leading due to APAC’s business density and Europe’s regional connectivity.
However, the report says, rising transportation costs are expected to keep demand in check through 2026.
Four forces are shaping the 2026 outlook: resilient economic growth, strong business investment, geopolitical uncertainty and elevated transportation costs, said GBTA. Conflict in Iran and the broader Middle East has disrupted aviation and energy markets, pushing up fares and lengthening travel times.
Regionally, there are winners and losers, says the report. The Americas, benefitting from stronger economic growth, higher energy prices in Brazil and improved stability in Argentina, will likely see an increase.
But Asia and Europe may falter somewhat due to air travel disruptions and fuel prices, while the Middle East business travel is expected to plunge 12% due to conflict.
The fastest‑growing markets: Brazil (14%), Australia (12%), South Korea (11%), Türkiye (11%), and Japan (10%).
What about 2025?
The GBTA survey results show business travel remained resilient in 2025:
- 74% of travellers are flying as much or more than previous years.
- 28% expect to travel more in 2026.
- Air remains dominant, with 42% flying premium cabins.
- Rail is strong in APAC (72%) and Europe (60%).
- 65% use managed travel programs.
- 68% have corporate cards, and most still collect personal benefits.
