The U.S. Business Travel Industry 2024

Business Travel’s Impact on Jobs and the U.S. Economy

business travel’s impact

The 2024 edition of the U.S. Business Travel Industry Economic Study quantifies the economic contribution made by business travel to the U.S. economy and profiles U.S. business travelers in terms of their composition, behavior, motivations, and spending patterns. Key findings from the research include:

  • A profile of U.S. business travelers
    • More than 60% of U.S. business travelers are men
    • Domestic business travel accounted for approximately 94% of the total trip-oriented business travel spending
  • The 2023 contribution of business travel to U.S. economy
    • Business travel spending in the U.S. reached $424 billion USD in 2016. This includes $262.6 billion USD in trip-related spending (62%) and $161.7 billion USD in meetings operations expenditures.
  • Business travel-initiated trips and spending
    • The amount spent per business trip averaged $520
    • Group business travelers spend significantly more per trip than their transient counterparts despite a slightly shorter length of stay

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About GBTA Research

Throughout its 50+ year history, GBTA has been at the forefront of bringing to light key trends and topics shaping the industry, enabling business travel professionals to access timely context, validate their thinking, and confidently move ahead. From comprehensive reports and forecasts to issues-focused polls, education sessions, webinars, podcasts, and more, our research team is focused on serving GBTA members and the industry at large with answering pressing questions and generating a-ha! moments.

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