Despite the rise of virtual meetings and working from home, business travel isn’t going anywhere, with the sector forecast to hit nearly $1 trillion by 2030. While the post-pandemic recovery in business travel has lagged behind the resurgence of leisure travel, the market was estimated at $665.3 billion in 2022. By 2030, that figure will stand at $928.4 billion, following a decade of 4.3 percent compound annual growth (CAGR), a new report from Research and Markets forecasts. Traveler / Photo: GaudiLab/Shutterstock China will see the fastest rise in business travel spending as it shifts away from its zero COVID policy and experiences strong GDP growth. Research and Markets forecasts that
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