01/13/2025

Report States Business Travel is Recovering from Inflation

The study added that engagement in AI is also expanding

Easing inflation and growing engagement with generative artificial intelligence (AI) will have an increased impact on business travel in 2025, according to a new report.

Travel & Expense 2025 [PDF], released last month by SAP Concur, a travel management software firm, highlighted four trends for meeting planners and travel managers to consider in the coming year. Most prominently, it noted that slowing inflation should lead to increased business travel in the coming year. Still, travelers are watching their pocketbooks: Last year, the report said, "companies have spent more to travel less" and that "business leaders expect to drive more value out of every dollar, yen, and euro they spend on travel."

To that end, more travelers—especially younger ones—are looking for opportunities to mix business and pleasure. "Blended travel…is also expected to grow in demand," the report says. "As Millennials and older GenZers dominate corporate traveler and decision-making roles, companies built around the employee experience—including travel flexibility—will have to continue offering those benefits."

Please select this link to read the complete article from Associations Now.