![]() Business travel costs in the Asia Pacific RegionĬhina is one of the biggest global players in business travel, with $230.91 billion spent on business tourism in 2021. Overall, EMEA cities are some of the most expensive in the world for business travelers. Daily costs in Geneva average $547, while in Helsinki daily costs are $422, according to Expert Market. Some of EMEA’s most expensive cities for business trips include Geneva, Stockholm, and Stavanger (Norway), while relatively cheaper cities include Dubai, Amsterdam, and Helsinki. Since the EMEA region includes dozens of countries with vastly different economies, business travel costs can vary widely within this region. In 2020, the average business traveler in Germany spent €161 per day, according to Statista. Germany is the largest market for business travel in EMEA, spending $91.86 billion on this activity in 2021. Business travel costs in Europe, the Middle East, and Africa (EMEA) So while the 2019 figures above may have changed over the past few years, they’re still a useful benchmark for understanding the average cost of business travel in the US. However, demand (and prices) have increased in 2022, and the Global Business Travel Association (GBTA) projects a full recovery by 2024. The impact of the COVID-19 pandemic caused a fall in global business travel. Research from that same year collated by Expert Market showed that the average cost of a domestic trip in the US was $990, while the average for an international business trip was $2525. Of course, costs differ significantly between international travel and domestic travel. This report showed that business trip expenses had been increasing, and that the most expensive states for business travel were Hawaii, Massachusetts, and California. Here’s a quick rundown of what you can expect: Business travel costs in the USĪccording to World Bank data, the US is a global leader in business tourism spending, with $322.42 billion spent on business travel in 2021.Ī Runzheimer report from 2019 revealed that the average US business trip cost $1293. But you may be surprised to learn which countries spend the most on business travel, and which are the most expensive for business travelers. Travel expenses are different in various regions of the world. Estimating the average cost of business travel: what is a reasonable cost for a business trip? Average cost of business travel by region However, there are certain factors you can consider to help give you an idea of average travel expenses. ![]() Business travel costs can vary widely depending on where the travelers are going, and how long they’ll be away. What should you expect to budget for your travel program, and how can you judge if a travel proposal is reasonable?Īs you can probably guess, there’s no simple way to measure the average cost of business travel. If you’re responsible for managing corporate travel expenses, you may be wondering about the average cost of business travel.
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