Key stats on the return on investment for business travel
- 95% of C-suite leaders say they’d lose customers without in-person meetings.
- 76% of CEOs and 69% of CFOs agree that increasing travel budgets would positively impact their company’s revenue.
- Companies that increased their travel budgets to connect employees have a 29% lower employee turnover rate than companies that reduced their business travel spend.
- 94% of C-suite leaders have noticed higher engagement levels after employees participate in company social events.
- 62% of CEOs expect their travel budgets to increase in 2024, compared to last year.