Business travel in APAC poised to reach US$800 billion by 2027: GBTA
Business travel in Asia Pacific is forecast for significant growth for 2023 and beyond, with travel spending gaining 41% to US$567 billion this year – and rising to US$800 billion by 2027.
This is according...
Incentive travel sector gains strength and momentum: IBTM World
IBTM World’s 2023 Incentive Travel Report indicates that the recovery of the incentive travel sector is going from strength to strength, with its global market value projected to reach £174 billion (US$215.2 billion) by...
Increase in budgets, expansion of formats to shape events industry
The expansion of events across various formats, an increase in events budgets, and the continued focus on sustainability are some trends that will likely impact event planners in the months forward, according to the...
FCM India’s M&E revenue grows by more than 50% pre-Covid
FCM Travel India has reported a more than 50 per cent growth in the last six months, as high demand is seen across the industry, despite organisations facing changing attitudes to work-life boundaries and...
Global business travel industry spending to reach US$1.8 trillion by 2027: GBTA
The global business travel industry has rebounded at a more accelerated rate than expected just a year ago, and is now expected to surpass its pre-pandemic spending level of US$1.4 trillion in 2024 −...
Global business travel and events costs to remain elevated through 2024: CWT, GBTA
Global business travel and events costs are set to climb higher through the remainder of 2023 and into 2024, albeit at a much more moderate pace than the exceptionally steep increases seen in 2022.
This...
Seven trends shaping India’s M&E Industry in 2023
With events and in-person connections back in focus, optimism abounds in the meetings and events industry this 2023.
Adaptability will still be paramount as the industry navigates the continuing resurgence of business events, new ways...
Travel & expense spend management grows in importance: BCD Travel
The importance of travel and expense spend management has increased in priority, reaching its highest level since 2020, according to a recent BCD Travel survey of 164 travel buyers worldwide.
In 2023, 88% of buyers...
Sustainability is becoming front and centre in corporate travel programmes: GBTA Foundation
The time is now for the global travel industry to enact meaningful changes for the climate, according to a newly released report, The State of Climate Action in Business Travel - Global Industry Barometer...
ICCA’s new Association Meeting Needs study finds promising trends
In-person meetings are back in full force, the need for core PCO services has increased, and focus on sustainability and DEI (diversity, equity and inclusion) are stronger than ever, found ICCA's 2023 survey on...