THE NEWS: The business travel market is projected to grow from $1.0 trillion in 2025 to $1.13 trillion in 2026, a 12% compound annual growth rate (CAGR), according to the newly released “Business Travel Market Report 2026” added to ResearchAndMarkets.com’s offering.
DETAILS:
WHY IT MATTERS: The 12% forecasted expansion, underpinned by corporate globalization and a surge in in‑person meetings, points to increased demand for corporate travel services, presenting airlines, hotels, meeting‑venue operators and managed‑travel providers with a larger revenue opportunity in 2026.
FAQ
What size is the business travel market expected to reach in 2026?
The market is expected to reach $1.13 trillion in 2026, up from $1.0 trillion in 2025, reflecting a 12% compound annual growth rate, as detailed in the Business Travel Market Report 2026 released by ResearchAndMarkets.com.
What is the forecasted CAGR for the business travel market between 2025 and 2026?
The report projects a compound annual growth rate of 12% for the business travel market from 2025 ($1.0 trillion) to 2026 ($1.13 trillion).
Which factors are driving the projected growth of the business travel market?
The report attributes growth to corporate globalization, multinational business expansion, rising demand for face‑to‑face meetings, and improvements in global air networks, all of which are fueling the market’s expansion.
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