12/11/2024

Report: Business Travel Recovering From Inflation

Although AI engagement is expanding, travelers still prefer the human touch

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

Travel & Expense 2025, 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 "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 said. "As Millennials and older Gen Zers 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.