Despite fewer travelers, business travel volume projected to rise
With costs posing challenges to organizations, corporate travel managers are finding new and creative ways to reduce spend
Cvent has published the latest instalment of the Cvent Travel Managers Report: Europe Edition, which provides hotels, venues and destinations with in-depth insights into corporate travel sourcing trends and activity.
Key takeaways
- The report reveals that a significant majority of respondents (80%) feel positive about the state of their organization’s business travel activity;
- Among them, almost two-thirds (64%) expect their organization's travel volume to increase in 2023 compared to 2022, and nearly a fifth (19%) say the increase will be significant;
- Whilst travel growth means increased spending, minimising costs is still a priority. Sixty-five per cent of respondents said their top concern is rising costs.
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