Skip to content
Search

Latest Stories

Study: Every $1 spent on business travel returns $1.15 to U.S. economy

California and New York led business travel spending with $35.62 billion and $23.31 billion, respectively

Study: Every $1 spent on business travel returns $1.15 to U.S. economy

THE BUSINESS TRAVEL resurgence in the U.S. significantly impacted the economy in 2022, with every $1 spent returning $1.15 to the U.S. GDP, according to the Global Business Travel Association. The industry also contributed $484 billion to the U.S. GDP in the same year and the association forecasts a further increase in business travel spending for 2024.

The study, titled "GBTA U.S. Economic Impact Study: Business Travel’s Impact on Jobs and the U.S. Economy," revealed that for every 1 percent growth in business travel, the U.S. economy gains nearly 60,000 jobs, $2.9 billion in wages, $1.2 billion in tax revenue and $4.8 billion in new GDP.


“The data shows that business travel is a substantial contributor to the health of the U.S. economy, and therefore also a key driver for the global economy,” said Suzanne Neufang, GBTA's CEO. “Business travel supports millions of jobs and delivers billions in tax revenue, which is why it is important for policymakers to consider the impact on the industry when devising economic policies – and for sustainable solutions to be prioritized, funded and developed to help us abate travel’s hardest-to-abate sectors.”

The U.S. led global business travel spending in 2022, totaling $421.1 billion and generating $119 billion in tax receipts, the study found. Domestic business travel at hotels supported hundreds of thousands of jobs and fueled a significant number of overnight stays in 2022. The industry directly supported 3.2 million jobs, approximately 2 percent of total U.S. non-farm employment, with 601,204 in the accommodations sector.

The U.S. is expected to remain a top market globally for spending in 2024, GBTA said. Final data for that year is unavailable, but estimates from GBTA's Global Business Travel Index suggest a 7 percent increase in U.S. business travel spending for 2023 compared to 2019 totals, indicating a strong industry recovery. Globally, similar growth is anticipated, with business travel spending projected to exceed $1.5 trillion in 2024.

Key highlights for U.S. business travel in 2022 include:

  • 9 million business trips within the U.S.
  • Approximately 67 percent of trips were for transient purposes, with the remaining 33 percent for conferences and events.
  • Average trip duration increased to 4.1 days from 3.3 days in 2017.
  • Average spending per trip was $632, with lodging accounting for 34 percent.
  • Average age of U.S. business travelers: 44.3 years.
  • Household income distribution: 33.9 percent below $50,000, 31.5 percent above $100,000.
  • Blended travel constituted 33.8 percent of all trips, with an average stay of 4.4 days. Women were more likely to incorporate leisure into business trips compared to men in 2022.

Top business travel spending cities

California and New York led business travel spending, with $35.62 billion and $23.31 billion, respectively, the study found. Nevada topped the list of the top 15 states with the highest ratio of business travel spend to GDP, with $6 billion accounting for 3.2 percent of the state’s GDP. The top 15 states by overall business travel destination spending represented 65 percent of total U.S. expenditures, listed in descending order:

  • California
  • New York
  • Florida
  • Texas
  • Georgia
  • Illinois
  • Colorado
  • Pennsylvania
  • New Jersey
  • Washington
  • Arizona
  • North Carolina
  • Ohio
  • Nevada
  • Virginia

A recent survey by Howdy.com found that almost half of American business travelers favor "bleisure" trips in 2024. This trend, which involves blending business trips into extended vacations with added paid time off and hotel stays, is now preferred over "workcations" by 60 percent of workers.

More for you

AAHOACON25 in New Orleans, featuring 500 exhibitors and 5,000 attendees at the Ernest N. Morial Convention Center

AAHOACON25 leads to lasting partnerships

AAHOACON25: A Milestone Event for Hospitality

THE 2025 AAHOA Convention & Trade Show is over, but the partnerships announced during the show will go on. The theme of AAHOACON25 was "New Ideas, New Connections, New Orleans," and more than 5,000 registered attendees filled the New Orleans Ernest N. Morial Convention Center for the conference.

AAHOACON25 also had nearly 500 exhibitors occupying 85,000 square feet of exhibit space, according to AAHOA. The event featured around 20 education sessions, a do-it-yourself product demo experience known as The Garage on the Trade Show Floor, keynote speakers, and networking events, including the Block Party at Fulton Street.

Keep ReadingShow less
Asian Hospitality unveils inaugural ‘Women of Color Power List’

Asian Hospitality unveils inaugural ‘Women of Color Power List’

Women of Color Power List 2025 Debuts at AAHOACON 2025

ASIAN MEDIA GROUP USA, publisher of Asian Hospitality magazine, launched the first-ever “Women of Color Power List 2025” at the 2025 AAHOA Convention & Trade Show in New Orleans, honoring 51 women reshaping the U.S. hospitality industry. The publication is the first to spotlight the achievements of women of color, recognizing their resilience, innovation, and leadership.

Asian Media Group Managing Editor Kalpesh Solanki, Executive Editor Shailesh Solanki, and Chief Operating Officer Aditya Solanki announced the list during the conference.

Keep ReadingShow less
AAHOALending.com લોન્ચ 2025

AAHOA, બ્રિજ AAHOALending.com લોન્ચ કરે છે

AAHOA અને બ્રિજે AAHOALending.com ને AAHOACON 2025 માં રજૂ કર્યું

AAHOA અને બ્રિજે AAHOALending.com લોન્ચ કર્યું, જે હોસ્પિટાલિટી પર કેન્દ્રિત ડિજિટલ ધિરાણ પ્લેટફોર્મ છે. તે AAHOA સભ્યોને 150 થી વધુ ધિરાણકર્તાઓની ઍક્સેસ પ્રદાન કરે છે, જેમાં વધુને વધુ લોકોને નિયમિતપણે ઉમેરવાની યોજના છે, આ પ્લેટફોર્મ વપરાશકર્તાઓને ધિરાણ વિકલ્પોની તુલના કરવાની, શ્રેષ્ઠ દરો અને સુરક્ષિત ભંડોળ શોધવાની મંજૂરી આપે છે.

કોફાઉન્ડર અને CEO રોહિત માથુરની આગેવાની હેઠળના બ્રિજને ક્લબ બ્લુ ઇન્ડસ્ટ્રી પાર્ટનર તરીકે નિયુક્ત કરવામાં આવ્યા છે, જે AAHOAના પ્રોગ્રામમાં સર્વોચ્ચ સ્તર છે, તેના 300 ભાગીદારોમાંથી માત્ર 12 જ લાયકાત ધરાવે છે, એમ બંનેએ સંયુક્ત નિવેદનમાં જણાવ્યું હતું.

Keep ReadingShow less
2025માં મંદીની સંભાવના 50 ટકા : HAMA સર્વે

2025માં મંદીની સંભાવના 50 ટકા : HAMA સર્વે

HAMA 2025 સર્વે: 49% મેનેજર્સ મંદીની આશંકા ધરાવે છે

હોસ્પિટાલિટી એસેટ મેનેજર્સ એસોસિએશનના સ્પ્રિંગ 2025 ઇન્ડસ્ટ્રી આઉટલુક સર્વેક્ષણમાં અંદાજે 49 ટકા ઉત્તરદાતાઓ 2025 માં અમેરિકામાં મંદીની અપેક્ષા રાખે છે, જે 2024ના પાનખર સર્વેક્ષણમાં 19 ટકાથી વધુ છે. ટોચની ત્રણ ચિંતાઓ માંગ, ટેરિફ અને DOGE કટ અને વેતનમાં વધારો વચ્ચેનો જોડાણ છે.

HAMA સર્વેક્ષણમાં જાણવા મળ્યું છે કે લગભગ 55 ટકા ઉત્તરદાતાઓએ તેમની વર્તમાન વ્યૂહરચનાના ભાગ રૂપે બ્રાન્ડ અથવા મેનેજમેન્ટ ફેરફારો કર્યા છે અથવા કરવાની યોજના બનાવી છે.

Keep ReadingShow less
AAHOA Bridge AAHOALending 2025

AAHOA, Bridge launch AAHOALending.com

AAHOA and Bridge Unveil AAHOALending.com at AAHOACON 2025

AAHOA AND BRIDGE launched AAHOALending.com, a digital lending platform focused on hospitality. It offers AAHOA members access to more than 150 lenders, with plans to add more regularly, while allowing users to compare financing options, find the best rates and secure funding.

Bridge, led by Cofounder and CEO Rohit Mathur, has been named a Club Blue Industry Partner, the highest level in AAHOA’s program, with only 12 of its 300 partners qualifying, the duo said in a joint statement.

Keep ReadingShow less