In December 2024, the travel industry hit an important milestone, at least in terms of air travel. That is, traffic in many continents exceeded 2019 levels for the first time since the 2020 pandemic. One of the key reasons for this is the return of the business traveler.
Total U.S. travel spending is expected to reach $1.35 trillion in 2025, which would be a gain of 3.9%. And by 2028 U.S. spending is expected to grow to $1.46 trillion by 2028. And global travel spending is expected to come in even stronger in 2025 at around 9%.
