What Percent of Travel Is Business?
Travel has become a major part of life in the 21st century. People travel for many different reasons, from leisure to business.
But how much of the travel that takes place is actually for business purposes? This article looks at the current statistics and trends to understand what percent of travel is business and how it has changed over time.
When it comes to domestic travel, business makes up a significant portion. In 2017, about 40% of all domestic trips were for business purposes, according to the U.S Travel Association.
That figure has been steadily increasing since 2008 when it was at 36%. This suggests that more Americans are traveling for their job or career than ever before.
However, when it comes to international travel, the picture is quite different. Only about 10% of all international trips are related to business, according to the World Travel & Tourism Council (WTTC).
That number has remained fairly constant over the past decade as well. It seems that business-related international trips still have some way to go before they catch up with domestic ones.
Yet there is also evidence that suggests that businesses are increasingly relying on international travel for various reasons. For instance, companies are increasingly sending employees overseas for extended periods of time in order to conduct research, attend conferences or meetings, and even work remotely from other countries. This could explain why international trips related to business have increased from 8% in 2008 to 10% in 2017 according to WTTC’s figures.
Overall, it appears that about 40% of all domestic travels are for business purposes and about 10 % are related to international trips for businesses purposes as well . Although these numbers may not seem high compared with leisure-related travels , they still represent a significant portion of total travels across the world . As businesses continue to expand their operations into different countries , we can expect these numbers to increase in future years .
Conclusion: The percentage of travel related specifically to businesses appears relatively low compared with leisure-related travels but still represents a significant portion overall – 40% domestic and 10% international as reported by U.S Travel Association and World Travel & Tourism Council respectively in 2017 figures. As businesses continue expanding their operations across borders this number can be expectedly grow higher in future years