GBTA Board View | Heading Into 2025: The Economy and Other Effects on Business Travel

Globally, despite certain challenges, business travel spend has continued to grow in 2024. According to GBTA’s latest Business Travel Index forecast, business travel spend is expected to end 2024 above the $1.5 trillion mark – for the first time surpassing 2019 spend. As we head into 2025, what are the current headwinds and tailwinds business travel buyers, suppliers and economists are seeing within this sector?

In this podcast, Dallas-based GBTA Board Treasurer, Kevin Sullivan, is joined for a topical discussion with fellow Board members and an economic expert:

·       Ben Park, Executive Director-Travel & Sustainability, Paraxel, GBTA Board of Directors European Region Director – Berlin, Germany

·       Katharine Farrell, Sr. Manager – Sales Digital Marketing Communication, Delta Airlines, GBTA Board of Directors, Director-at-Large – Atlanta, GA, USA

·       Jarrod Castle, Research Analyst, UBS – London, UK

The group will offer their unique buy, supply, and analyst insights around bigger picture areas for the business travel industry including:

·       Category-level outlook and overall sentiment for business travel for the year ahead

·       How economic factors have shaped – and will further shape – business travel budgets and travel decisions

·       The impact of changing workforce and related travel for work dynamics

·       The current and future role of sustainability in business travel considerations

·       Top challenges and opportunities ahead for business travel and the industry in their region

Listen in for a comprehensive, around-the-world view on the current and future state of business travel.

 

Music track is Space Jazz by Kevin MacLeod  Licensed under Creative Commons: By Attribution 3.0 License