Corporate and business travel showed a significant post-Covid recovery last year, with work-related air travel now in a period of sustained growth.
That is according to global travel management company Corporate Travel Management (CTM), whose second Global Corporate Travel Trends report shows a big rebound for last year.
The report shows corporate air capacity is now 3% above 2019 levels and 6.4% higher than 2023.
Air travel capacity is above 2019 levels, business travellers are flying longer distances, booking lead times are extending, and average daily rates (ADRs) for accommodation are beginning to plateau globally.
Airlines are scaling operations to meet the growing demand, particularly in major corporate travel hubs where full-service carriers have expanded networks.
The top travel routes for CTM customers were: 1. London – New York 2. London – Hong Kong 3. Sydney – Melbourne.
Anita Salvatore, CTM CEO North America said: “Our latest insights in the Global Corporate Travel Trends Report reveal a corporate travel landscape that is not only rebounding but evolving in ways that drive long-term resilience and value. “With airfare pricing stabilizing, capacity increasing, and hotel demand remaining strong across key markets, businesses are approaching travel with renewed confidence. By providing timely data and market intelligence, we aim to empower travel managers to refine their programs and maximize the value of their business travel investments.”
