Corporate travel in 2025 is growing but uneven, as larger firms cut back amid rising costs and sustainability pressures, while smaller companies drive demand through training, events, and global expansion
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DeloitteAfter two years of steady post-pandemic recovery, corporate travel is expanding in 2025—but with signs of slowing momentum, particularly among large companies. Deloitte’s 2025 Corporate Travel Study, based on surveys of travel managers, budget owners, and business travelers, paints a picture of cautious growth amid rising costs, sustainability pressures, and shifting traveler expectations.
Read report here.
Key Takeaways
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Budget growth slows: 75% of firms are boosting spend, but cutbacks—especially at large firms—are rising.
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Fewer travelers overall: Corporate travel incidence fell to 31% of professionals in 2025.
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Training surges: Reskilling and learning trips are a fast-growing driver of travel demand.
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Costs & sustainability: Rising prices and emissions targets are reshaping travel strategies.
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Booking shifts: Corporate platforms are catching up with OTAs in user experience, boosting compliance.
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Regional mix changes: North America’s travel share is declining as global destinations rebound.
Mixed Spending Outlook
Three in four travel managers still report expanding budgets in 2025, but the share expecting cuts rose to 10%, nearly double 2024. Larger companies show sharper pullbacks: one in five with travel spend above $7.5 million plans to cut budgets, compared with just 6% of smaller firms.
Changing Travel Frequency
The percentage of professionals traveling for work dropped from 36% in 2024 to 31% in 2025. While more travelers expect moderate trip volumes (6–10 annually), many frequent flyers are scaling back from three trips per month to two.
Shifting Purposes of Travel
Business development and client engagement remain top drivers, but demand for training and learning trips is surging—cited as a top-three growth factor by more than half of smaller companies. Live events and conferences continue to be a major travel catalyst, with nearly two-thirds of travelers planning to attend one in 2025.
Costs and Sustainability Pressures
Rising costs are the most-cited barrier, named by 54% of travel managers. Sustainability commitments are also gaining weight: 48% now list them among top constraints, up from 38% in 2024. Larger companies in particular face pressure to reduce trip volumes by 20% or more.
Booking Behavior Evolves
Frequent travelers are increasingly booking through corporate channels, narrowing the gap with OTAs (online travel agencies). Improvements in corporate booking tools and customer support are driving compliance and reducing reliance on outside platforms.
Global Shifts
International trips remain about half of total spend, but the mix is changing. North America’s share is shrinking as companies expand to farther-flung destinations, and fewer Canadian and Mexican travelers are entering the U.S.
Source: Deloitte
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