Businesses Are Cautiously Spending on Corporate Travel as Trade Uncertainty Looms

Battling Uncertainty From the C-Suite

Dr. Rebecca Homkes, lecturer at the London Business School and faculty at Duke Corporate Executive Education, discusses how business leaders look to mitigate risk during times of economic and geopolitical turmoil. Dr. Homkes speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. (Source: Bloomberg)

Businesses are cautiously spending on corporate travel as trade uncertainty looms

Corporations are continuing to spend on business travel, but are being strategic about how they allocate those dollars amid ongoing trade uncertainties.

Companies Sour on Travel Spending Amid Tariff Worries

Travel spending by businesses hasn’t halted, but it has gotten more careful. [contact-form-7] That’s according to a report Tuesday (July 22) by CNBC, citing data from travel and expense platform Navan and the Global Business Travel Association (GBTA). The data from Navan showed corporate travel spending activity rising 15% year over year in the second quarter of 2025. Amy Butte, Navan’s CFO, said her fellow finance chiefs have gone into…

Businesses cautious on travel spending as trade uncertainty looms

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How companies are being more strategic when it comes to spending on travel

Companies are still spending money on business travel, although they are being more strategic about how those dollars are spent amid ongoing trade uncertainties, CNBC writes.  New reports from the Global Business Travel Association and travel and expense platform Navan show that corporate travel spending activity increased 15% year over year in the second quarter of 2025. Navan’s index is derived from millions of corporate business transactions …

Global Business Travel Spending to Reach $1.57 Trillion in 2025 Amid Trade Policy Uncertainty and Economic Risk, According to New GBTA Forecast

Global business travel spending is projected to reach a new historical high of $1.57 trillion USD in 2025. This represents a moderate year-over-year growth rate of 6.6%, as global spending is expected to slow this year due to trade tensions, policy uncertainty and economic pressures. A rebound to 8.1% growth is projected for 2026, while long-term forecasts remain clouded by geopolitical and economic volatility.