The Uneven Growth of Business Travel
These midsized companies do not travel as frequently as the largest global corporations, and therefore spend less on business travel in the aggregate. According to a 2023 Booking.com report, businesses employing between 201 and 500 people take an average of 29.1 business trips per year. Companies with 51-200 employees average 23.2 trips, and the smallest businesses only travel 14.3 times per year.
The relationship between business trip frequency and enterprise size suggests that the overall growth in corporate travel volume is primarily fueled by large conglomerates. Yet both small and midsized businesses are traveling more frequently…