{"id":46603,"date":"2024-10-10T20:57:27","date_gmt":"2024-10-10T20:57:27","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/global-business-travel-set-to-reach-record-1-5t-in-2024-report"},"modified":"2024-10-10T21:35:51","modified_gmt":"2024-10-10T21:35:51","slug":"global-business-travel-set-to-reach-record-1-5t-in-2024-report","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/global-business-travel-set-to-reach-record-1-5t-in-2024-report","title":{"rendered":"Global business travel set to reach record $1.5T in 2024: Report"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Lesotho. <\/strong><\/span>After a prolonged period of decline, global business travel is set to surpass pre-pandemic levels by 6.2%, hitting a historic $1.5 trillion in 2024, a report from the World Travel &amp; Tourism Council (WTTC) showed Thursday.<\/p>\n<p>The resurgence, which outpaces previous predictions, reflected the renewed importance of face-to-face interactions in global commerce after years of remote working and virtual meetings, according to the WTTC\u2019s 2024 Economic Impact Trends Report.<\/p>\n<p>Last year, leisure travel was 2.9% below the 2019 peak, while business travel continued to struggle, remaining 5.4% behind, it said.<\/p>\n<p>The world\u2019s two largest business travel markets, the US and China, led the hike.<\/p>\n<p>Business travel spending in the US, which made up nearly 30% of the global total in 2019, is projected to reach $472 billion this year, marking a 13.4% rise above 2019 levels.<\/p>\n<p>China, the second-largest market, is set to follow closely, with business travel spending forecast to grow by 13.1% to $211 billion.<\/p>\n<p>European markets also saw significant growth, with Germany, the third-largest market, projected to see business travel expenditures hit $87.5 billion.<\/p>\n<p>The UK and France are expected to see record-breaking levels of $84.1 billion and $42.1 billion, respectively.<\/p>\n<p>&#8220;After a challenging few years, business travel is not only back on track, but it is recovering much faster than expected, highlighting the importance of international travel for businesses around the world,&#8221; Julia Simpson, WTTC president and CEO, said at the global tourism body\u2019s 24th Global Summit in Perth, Western Australia.<\/p>\n<p>&#8220;Many business powerhouses such as the US, China and Germany are expected to reach record numbers this year. While virtual meetings played a crucial role during the pandemic, keeping people and businesses connected, today\u2019s report shows that business is better face to face,&#8221; she added.<\/p>\n<p>Speaking at the summit, Paul Abbott, CEO of American Express Global Business Travel, said the travel restrictions due to the pandemic highlighted the unique value of travel and in-person connections.<\/p>\n<p>&#8220;We always said travel was a force for good, driving economic and societal progress. When travel stopped, GDP plummeted, unemployment soared, and mental health issues escalated. The benefits of travel are now no longer in doubt,&#8221; he said.<\/p>\n<p>Abbott underlined the growing trend of companies investing in managed business travel as part of their strategies to foster growth and culture in the post-pandemic era.<\/p>\n<p>Other factors have also fueled the resurgence of business travel, such as the rise of &#8220;blended travel,&#8221; where professionals mix business trips with leisure vacations.<\/p>\n<p>Moreover, the Meetings, Incentives, Conferences and Exhibitions (MICE) industry has seen a strong recovery, resuming in-person events after long periods of cancellations.<\/p>\n<p><strong>For More News And Analysis About Lesotho Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Lesotho. After a prolonged period of decline, global business travel is set to surpass pre-pandemic levels by 6.2%, hitting a historic $1.5 trillion in 2024, a report from the World Travel &amp; Tourism Council (WTTC) showed Thursday. The resurgence, which outpaces previous predictions, reflected the renewed importance of face-to-face interactions in global commerce [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":46602,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[4312,171,4311,245,4308,4310,1009,443,4309,4288],"class_list":["post-46603","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-business-travel","tag-china","tag-julia-simpson","tag-lesotho","tag-mice","tag-paul-abbott","tag-travel","tag-us","tag-world-travel-tourism-council","tag-wttc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Global business travel set to reach record $1.5T in 2024: Report - Lesotho<\/title>\n<meta name=\"description\" content=\"After a prolonged period of decline, global business travel is set to surpass pre-pandemic levels by 6.2%, hitting a his ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/global-business-travel-set-to-reach-record-1-5t-in-2024-report\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global business travel set to reach record $1.5T in 2024: Report\" \/>\n<meta property=\"og:description\" content=\"After a prolonged period of decline, global business travel is set to surpass pre-pandemic levels by 6.2%, hitting a his ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/global-business-travel-set-to-reach-record-1-5t-in-2024-report\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-10T20:57:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-10T21:35:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2024\/10\/sm_1728583374.398571.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/global-business-travel-set-to-reach-record-1-5t-in-2024-report#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/global-business-travel-set-to-reach-record-1-5t-in-2024-report\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Global business travel set to reach record $1.5T in 2024: Report\",\"datePublished\":\"2024-10-10T20:57:27+00:00\",\"dateModified\":\"2024-10-10T21:35:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/global-business-travel-set-to-reach-record-1-5t-in-2024-report\"},\"wordCount\":440,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/global-business-travel-set-to-reach-record-1-5t-in-2024-report#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2024\/10\/sm_1728583374.398571.jpg\",\"keywords\":[\"business travel\",\"CHINA\",\"Julia Simpson\",\"Lesotho\",\"MICE\",\"Paul Abbott\",\"travel\",\"US\",\"World Travel &amp; Tourism Council\",\"WTTC\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/global-business-travel-set-to-reach-record-1-5t-in-2024-report#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/global-business-travel-set-to-reach-record-1-5t-in-2024-report\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/global-business-travel-set-to-reach-record-1-5t-in-2024-report\",\"name\":\"Global business travel set to reach record $1.5T in 2024: Report - Lesotho\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/global-business-travel-set-to-reach-record-1-5t-in-2024-report#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/global-business-travel-set-to-reach-record-1-5t-in-2024-report#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2024\/10\/sm_1728583374.398571.jpg\",\"datePublished\":\"2024-10-10T20:57:27+00:00\",\"dateModified\":\"2024-10-10T21:35:51+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"After a prolonged period of decline, global business travel is set to surpass pre-pandemic levels by 6.2%, hitting a his ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/global-business-travel-set-to-reach-record-1-5t-in-2024-report#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/global-business-travel-set-to-reach-record-1-5t-in-2024-report\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/global-business-travel-set-to-reach-record-1-5t-in-2024-report#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2024\/10\/sm_1728583374.398571.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2024\/10\/sm_1728583374.398571.jpg\",\"width\":864,\"height\":486,\"caption\":\"Global business travel set to reach record $1.5T in 2024: Report\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/global-business-travel-set-to-reach-record-1-5t-in-2024-report#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/lesotho\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Global business travel set to reach record $1.5T in 2024: Report\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#website\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/\",\"name\":\"Lesotho\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/lesotho\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Global business travel set to reach record $1.5T in 2024: Report - Lesotho","description":"After a prolonged period of decline, global business travel is set to surpass pre-pandemic levels by 6.2%, hitting a his ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/lesotho\/all-news\/global-business-travel-set-to-reach-record-1-5t-in-2024-report","og_locale":"en_US","og_type":"article","og_title":"Global business travel set to reach record $1.5T in 2024: Report","og_description":"After a prolonged period of decline, global business travel is set to surpass pre-pandemic levels by 6.2%, hitting a his ...","og_url":"https:\/\/www.africa-press.net\/lesotho\/all-news\/global-business-travel-set-to-reach-record-1-5t-in-2024-report","og_site_name":"Lesotho","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2024-10-10T20:57:27+00:00","article_modified_time":"2024-10-10T21:35:51+00:00","og_image":[{"width":864,"height":486,"url":"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2024\/10\/sm_1728583374.398571.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/global-business-travel-set-to-reach-record-1-5t-in-2024-report#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/global-business-travel-set-to-reach-record-1-5t-in-2024-report"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Global business travel set to reach record $1.5T in 2024: Report","datePublished":"2024-10-10T20:57:27+00:00","dateModified":"2024-10-10T21:35:51+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/global-business-travel-set-to-reach-record-1-5t-in-2024-report"},"wordCount":440,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/global-business-travel-set-to-reach-record-1-5t-in-2024-report#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2024\/10\/sm_1728583374.398571.jpg","keywords":["business travel","CHINA","Julia Simpson","Lesotho","MICE","Paul Abbott","travel","US","World Travel &amp; Tourism Council","WTTC"],"articleSection":["all news","economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/lesotho\/all-news\/global-business-travel-set-to-reach-record-1-5t-in-2024-report#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/global-business-travel-set-to-reach-record-1-5t-in-2024-report","url":"https:\/\/www.africa-press.net\/lesotho\/all-news\/global-business-travel-set-to-reach-record-1-5t-in-2024-report","name":"Global business travel set to reach record $1.5T in 2024: Report - Lesotho","isPartOf":{"@id":"https:\/\/www.africa-press.net\/lesotho\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/global-business-travel-set-to-reach-record-1-5t-in-2024-report#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/global-business-travel-set-to-reach-record-1-5t-in-2024-report#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2024\/10\/sm_1728583374.398571.jpg","datePublished":"2024-10-10T20:57:27+00:00","dateModified":"2024-10-10T21:35:51+00:00","author":{"@id":"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"After a prolonged period of decline, global business travel is set to surpass pre-pandemic levels by 6.2%, hitting a his ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/global-business-travel-set-to-reach-record-1-5t-in-2024-report#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/lesotho\/all-news\/global-business-travel-set-to-reach-record-1-5t-in-2024-report"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/global-business-travel-set-to-reach-record-1-5t-in-2024-report#primaryimage","url":"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2024\/10\/sm_1728583374.398571.jpg","contentUrl":"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2024\/10\/sm_1728583374.398571.jpg","width":864,"height":486,"caption":"Global business travel set to reach record $1.5T in 2024: Report"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/global-business-travel-set-to-reach-record-1-5t-in-2024-report#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/lesotho\/"},{"@type":"ListItem","position":2,"name":"Global business travel set to reach record $1.5T in 2024: Report"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/lesotho\/#website","url":"https:\/\/www.africa-press.net\/lesotho\/","name":"Lesotho","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/lesotho\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/posts\/46603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/comments?post=46603"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/posts\/46603\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/media\/46602"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/media?parent=46603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/categories?post=46603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/tags?post=46603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}