1、1Published February 2025CTM Group2024 Global Corporate Travel Trends Report&2025 OUTLOOK2IntroductionThe Global Corporate Travel Report 2024 marks the second edition of CTMs Corporate Travel Report series,aimed at equipping the corporate travel community with actionable data and market intelligence
2、insights for better business travel decision-making.This report will analyze trends in capacity,demand,pricing,and activity within the corporate travel industry,primarily utilizing CTMs global corporate travel data as well as third-party sources to construct a comprehensive overview of the sector in
3、 2024 and an outlook to 2025.All currency within this report is USD unless specified otherwise,and all CTM corporate travel data was extracted on January 6,2025.3The corporate travel industry is experiencing a strong period of growth,with positive trends across key areas.Global air capacity continue
4、s to expand,now 3%above 2019 levels and 6.4%higher than in 2023,as airlines scale operations to meet sustained demand.Major corporate travel hubs worldwide have seen capacity increases,driven by network expansions from full-service carriers,all of which grew their capacity in 2024.Business travelers
5、 are flying longer distances than last year,reflecting a renewed focus on international corporate engagements,while airfares have stabilized after the sharp rises of 2023,providing greater budget certainty.Confidence in long-term growth remains high,with aircraft manufacturers facing record order ba
6、cklogs and over 1,600 new deliveries expected in 2025.Additionally,corporate travelers are booking further in advance than at any point since 2020,signaling greater confidence in travel planning.However,hotel rates remain elevated,underscoring continued strong demand in key business destinations des