The Value of Business Travel Report 2024

This report provides an analysis of the value that business travel brings to companies and their employees. It is based on a survey conducted by TravelPerk, which included responses from business travel decision-makers across 2,000 companies, including C-suite leaders, business travelers, and travel managers. The report outlines changing business travel behaviors, including the expectation of increased travel budgets among CEOs despite economic challenges. It details how companies view business travel as a necessary investment for growth, emphasizing the importance of in-person meetings for maintaining customer relationships and driving revenue. The report also discusses the financial and human impacts of business travel, highlighting that a significant portion of sales growth is attributed to travel spend. Additionally, it addresses the influence of macroeconomic factors and sustainability targets on travel budget decisions, noting a trend towards more sustainable travel options. Overall, the report underscores the evolving landscape of business travel and its critical role in organizational success.