Custom Market Insights’ study has predicted that global corporate travel market will reach US $330.2 billion by 2032, driven by economic growth, technology advancements and increased business trips. “Strong economic growth drives business activities, leading to increased corporate travel. As economies thrive, companies expand their operations, explore new markets and seek opportunities for growth, which often necessitates travel for meetings, negotiations and market research. Continuous advancements in technology have transformed the corporate travel industry. From online booking platforms to travel management tools and mobile applications, technology has made travel planning and management more efficient and convenient, encouraging companies to invest in business trips,” the study noted.
