Global Business Travel just released their mid-year forecast study. It's good news. Worldwide business travel is predicted to jump 9.2 percent and surpass $1 trillion.
The study also explored business travel levels by industry, finding that "service industries that tend to be much more prevalent in developed economies such as business services and banking have cut T&E budgets more aggressively over the last few years; meanwhile, industries such as food processing, plastic manufacturing, paper, textiles and industrial machinery, more prevalent in the developing world, have seen strong growth over the last few years."
With more travel, comes more meetings! We like that!