Business Travel Rebounds Even as Companies Cut Costs

A recent BCD Travel survey found that 60% of travel buyers said their company reduced its travel budget in the past few years, and 96% introduced cost control policies. But none of that has stopped the rebound in business travel.

Even with corporations pushing video calls over in-person meetings and as they cut non-essential trips, 2024 is set to be a strong year for the industry.

"The areas we saw growth in were what we segmented as road warriors, like salespeople, account managers, where there's a clear ROI on the travel," Henry Gilroy, senior vice president of strategic development for Internova Travel Group, a travel agency network. "Where we saw more pressure on travel was on those employees where they travel a couple of times a year, and they might be more discre