Business Travel Rebounds Even as Companies Cut Costs


Man in suit with luggage overlooking lake

Skift Take

The rebound in business travel is real, but companies still say they're worried about higher prices.

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