The total expenses of Germans traveling for business purposes amounted to 30 billion U.S. dollars in 2020. This was a marked reduction compared to the previous year, when business travel expenditure reached roughly 78 billion U.S. dollars. The coronavirus (COVID-19) pandemic and related travel restrictions could explain why the expenses of business travelers decreased by 61.6 percent in 2020. Meanwhile, forecasts show that the sector will recover to pre-pandemic levels by 2024.
Expenditure of business tourists in Germany from 2010 to 2020, with forecast until 2025
(in billion U.S. dollars)
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GBTA, & Revista Travel Manager. (November 10, 2021). Expenditure of business tourists in Germany from 2010 to 2020, with forecast until 2025 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/277890/business-travel-spending-germany/
GBTA, und Revista Travel Manager. "Expenditure of business tourists in Germany from 2010 to 2020, with forecast until 2025 (in billion U.S. dollars)." Chart. November 10, 2021. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/277890/business-travel-spending-germany/
GBTA, Revista Travel Manager. (2021). Expenditure of business tourists in Germany from 2010 to 2020, with forecast until 2025 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/277890/business-travel-spending-germany/
GBTA, and Revista Travel Manager. "Expenditure of Business Tourists in Germany from 2010 to 2020, with Forecast until 2025 (in Billion U.S. Dollars)." Statista, Statista Inc., 10 Nov 2021, https://www.statista.com/statistics/277890/business-travel-spending-germany/
GBTA & Revista Travel Manager, Expenditure of business tourists in Germany from 2010 to 2020, with forecast until 2025 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/277890/business-travel-spending-germany/ (last visited November 23, 2024)
Expenditure of business tourists in Germany from 2010 to 2020, with forecast until 2025 (in billion U.S. dollars) [Graph], GBTA, & Revista Travel Manager, November 10, 2021. [Online]. Available: https://www.statista.com/statistics/277890/business-travel-spending-germany/
