What’s next for corporate travel? Insights from BCD’s Rossana Martin.

The corporate travel landscape has shifted dramatically over the past few years. In this special “State of the Industry” episode, Rossana Martin shares data-driven insights, including:

• 2024’s record-breaking growth: Corporate travel spending hit new highs, surpassing pre-pandemic levels, with global spending projected at $1.5 trillion.
• What’s driving the surge: Economic stabilization, pent-up demand, and extended trip lengths are fueling the industry’s rebound.
• 2025 travel projections: Expect a continued increase in travel budgets, a 12.3% projected annual growth rate, and dynamic shifts across key global regions.

Regional highlights

Martin takes listeners on a global tour, covering:

• Asia-Pacific: Airline yields remain under pressure, while intercontinental fares drop up to 5%. Hotel rates are climbing in Japan and India due to high demand.
• Europe & Middle East: Expect moderate airfare increases and strong hotel pricing, especially in Spain and Saudi Arabia.
• North & Latin America: Hotel rates are stabilizing, while airfare sees slight reductions; that’s welcome news for travel buyers.

Key takeaways for travel buyers

Beyond stats and forecasts, Martin dives into emerging trends shaping the future of corporate travel, such as:

• The rise of personalization: Advanced AI and data-driven insights are creating hyper-personalized travel experiences.
• New decision-makers at the table: From C-suite leaders to ESG specialists and diverse traveler focus groups, buying decisions are evolving.
• Travel tech transformation: Learn how augmented reality and AI-driven design are redefining meetings and events.

Whether you’re a travel buyer, supplier, or industry insider, this episode is packed with actionable insights to inform your 2025 strategy.

You can listen to Connections with BCD Travel at bcdtravel.com/podcast or on your preferred podcast platform.

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