Business travel has defied post-pandemic expectations and when extended with leisure now represents the top opportunity for tourism growth, according to new research.
More than half of experts responding to Tourism Economics’ Travel Industry Monitor 2024 survey for the WTM Global Travel Report cited blended leisure and business travel as a tourism growth opportunity, making it the top niche mentioned.
Business travel’s performance has been “something of a surprise relative to prior expectations,” the report notes. The post-pandemic persistence of online meetings and events was expected to cause its decline.
Instead, in person meets are “still highly valued” and business overnights and spending have surpassed previous peaks. The report notes business travel is being built largely around Business Events.
Annual growth in business visits of around 19% in 2024 outstrips a growth of around 11% for leisure visits according to Tourism Economics.
Though business travel’s growth is expected to slow somewhat to around 17% in 2025, over the period 2024 to 2030 such visits are predicted to grow by around 50% against a growth in leisure visits of a little under 30% for the same period.
Significantly, business travellers are staying longer and spending more per trip. While the volume of international business visits currently remains 6% below pre-pandemic levels, the number of overnights are 3% above that 2019 benchmark.
Such extended visits are partly thanks to the trend for ‘bleisure’ - the combining of business trips with extra days of leisure tourism. In this respect remote working has had a positive effect the report notes, enabling travellers to be more flexible about working overseas around their leisure time.
However pure leisure travel, which is also seeing extending lengths of stay, remains by a large margin the most important travel segment in terms of volume and spending, comprising 69% of arrivals and 80% of global travel spending.
Juliette Losardo, exhibition director for World Travel Market London added: “WTM’s aim is to help attendees navigate change, ensuring travel professionals are equipped for the year ahead. Commissioning the WTM Global Travel Report supports our commitment to providing attendees with the latest trends shaping the travel landscape.
“Using an expansive databank covering more than 185 countries worldwide as destinations and as origin markets, covering all major bilateral tourism flows in terms of visits, nights and spend, as well as unique industry insights, the report gives a comprehensive outlook on tourism.”
The WTM Global Travel Report is produced in conjunction with Tourism Economics, part of Oxford Economics. It will be unveiled on Tuesday 5 November at WTM London which runs 5-7 November at Excel London,
For more information and to register, visit: https://www.wtm.com/london/en-gb.html
_(Nov2024)-01.jpg)
We just booked our QATAR 🇶🇦 HÔTEL yesterday for 2 différent short stars of 2 nights and 3 nights for the Final… https://www.14sb.com/fifa-world-cup-hotels.html . Not exactly cheap but ok price for 4.5 Stars luxury and in Doha Center City! Thanks and Good Luck everyone! Vamos MEXICO!
Wow! Stunning! Hilton seems to be taking Africa by storm. Just a couple of years back, they opened the first ever in Eswatini.
Wonderful event and topics discussed, hopefully we see the manifestations in our African airline businesses in the nearest future. Kudos to you all.
Hi, I'm Lucy. Please how do I embark on my travel/ tour business. I am newbie and help..
Prices in the Sol Torremolinos Don Pablo are the same than two weeks ago.
Good location astounding but the staffs are rude and they make me wait so long for the service. They charge me more than what is on the website and did not refund me the manager is not helping with the issue
WoW. Amazing Review. 👍
I spent the holidays here, I don't know why but during the holidays their reception smells like a piss Id rather not spend my special occasions here
Thank you for sharing such a detailed review about ethiopian airlines in your post. I am an avid traveller and keep reading flight reviews to assess the options available. Your review particularly drew my attention because you have shared so many pictures to capture every aspect of the flight experience. It is a very nice effort.
More Info : https://www.cleartrip.ae/flight-booking/ethiopian-air-airlines.html
I am really tempted to book the next ethiopian airlines ticket and relive your journey. The pictures shared with the post also reflect that you truly enjoyed the travel. Great post! I also like the fact that you have covered nuances about the food and entertainment service through the pictures. It helps people know what to expect on their travel by this airline.
More Info : https://www.cleartrip.ae/flight-booking/ethiopian-air-airlines.html