News Summary
As companies adapt to the post-pandemic landscape, business travel is experiencing a strong resurgence. Over 95% of senior leaders predict a steady or increased travel rate, according to the latest Amex Trendex report. Key destinations include Richmond and Columbus, with the Department of Justice clearing American Express’ acquisition of CWT. The Global Business Travel Association anticipates spending to reach $1.57 trillion, indicating a shift toward digital tools and evolving traveler behaviors. With strong consumer demand, the business travel industry is poised for a robust recovery.
Virginia – Business travel is making a significant comeback as companies adjust to the post-pandemic environment. As offices reopen, over 95% of senior business leaders expect business travel to either stay steady or increase over the next year, according to American Express’ Amex Trendex report. This report surveyed 1,005 full-time American workers who traveled for work and 502 business travel decision-makers in May 2025, providing insights into the future of business travel in various industries.
To facilitate this recovery, Fernando Iraola, executive vice president and general manager of American Express, emphasized the need for effective cost and compliance management in business travel. Companies are increasingly calling their employees back to the office, which is fueling the resurgence of business travel.
The report identifies eight trending destinations for business travel, with five of these locations in the United States: Richmond (Virginia), Columbus (Ohio), Charleston (South Carolina), Boise (Idaho), and New Orleans. These cities have seen year-over-year growth in travel transactions, showcasing shifting preferences.
Regulatory Changes and Market Dynamics
In a notable regulatory development, the Department of Justice recently dismissed its lawsuit against American Express Global Business Travel’s planned acquisition of CWT, worth $540 million. The lawsuit aimed to block this acquisition due to concerns about reduced competition. With the dismissal on July 29, 2025, the acquisition is expected to finalize in the third quarter of 2025. CWT is currently ranked as the sixth-largest travel management company globally, with American Express Global Business Travel in the third spot.
Projected Growth in Business Travel Spending
The Global Business Travel Association projects that global business travel spending will rise to $1.57 trillion in 2025, reflecting a 6.6% increase from the previous year. This growth, however, is slower than in past years and lower than the original forecast of 10.4% due to factors such as trade policy uncertainty, inflation, and shifting global supply chains.
Traveler Sentiment and Spending
According to a survey conducted by GBTA, 86% of business travelers found their trips to be worthwhile, with over 80% indicating that they travel as much or more than before the pandemic. Average trip spending has also increased significantly, jumping from $834 in the previous year to $1,128 this year. The U.S. and China together represent a staggering 58% of global business travel expenditure, with the U.S. spending estimated at $395.4 billion and China at $373.1 billion in 2025.
Emerging Trends in Business Travel
There is a rising trend towards the use of digital travel management tools, indicating a shift in how business travel is being managed. According to recent data, 67% of travelers utilize expense systems, and 69% make use of corporate cards to streamline their travel processes. However, a survey from Cox Business highlighted that over 35% of younger professionals from Generation Z and millennials are frustrated by unreliable mobile connectivity during business trips.
Travel Outlook and Consumer Behavior
Despite inflationary pressures, data shows that 74.5% of Americans plan to embark on summer vacations, showcasing a continued demand for travel options while they manage their budgets. An estimated 72.2 million Americans are expected to travel at least 50 miles from home during the Independence Day period from June 28 to July 6, 2025. Car travel is projected to be the main mode of transportation for about 61.6 million of those travelers—a record increase—with around 5.84 million anticipated air travelers over the same holiday period.
Looking forward, the Global Business Travel Association also recently hosted its U.S. Legislative Summit 2025, highlighting the economic role of business travel and advocating for necessary regulatory improvements. Furthermore, approximately 45.1 million Americans are projected to travel during the upcoming Memorial Day weekend in 2025, which would break previous travel records.
In conclusion, as companies continue to navigate the post-pandemic landscape, the business travel sector exhibits promising growth prospects. The anticipated increase in travel expenditure, combined with evolving traveler preferences and behaviors, signals a robust recovery for the industry.
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Author: STAFF HERE MYRTLE BEACH
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