Predicted loss in business travel spending revenue due to COVID-19 pandemic 2020

Published by
Ana M. López,
Apr 28, 2022
As a result of the coronavirus (COVID-19) pandemic, the global business travel market is predicted to see a loss of 810.7 billion U.S. dollars in revenue in 2020. Business travel spending in China, the origin country of the virus, is projected to see the biggest loss from COVID-19, decreasing by a total of 404.1 billion U.S. dollars.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

Business travel spend revenue loss due to the coronavirus (COVID-19) pandemic worldwide in 2020, by region (in billion U.S. dollars)

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Release date

March 2020

Region

Worldwide

Survey time period

March 4 to 6 2020

Number of respondents

1,095 GBTA global member companies

Supplementary notes

* Excluding China, Hong Kong and Taiwan.
Forecast data.

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Statistics on " Business travel and exhibitions in China "

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Overview

6

Business travel management

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Business travel expenditure

8

Domestic trade exhibition market

6

Overseas trade exhibition market

6

COVID-19 pandemic impact

5

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Topics

Business travel and exhibition industry in ChinaTourism industry in ChinaBusiness travel in the United StatesBusiness travel in EuropeGlobal business travel
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