Optimism in the World Business Travel Sector decreased by more than half this year, according to a report published by the World Travel Society.
Positive feelings fell from 67 % in November 2024 to 31 % in April 2025, according to Report Included by more than 900 commercial travel professionals on the impact of tariffs, strict border policies and other US government policies announced this year.
More than four of the four respondents in Canada, the United States and Europe said they felt “pessimistic” or “very pessimistic” about industry expectations this year.
However, 40 % of those surveyed said they did not feel that they are not positive or negative.
“Since I was in my league for a period of four years, I haven’t seen this level of uncertainty,” said Susan Newfang, CEO of the association. Travel CNBC Tuesday.
The poll showed that nearly 30 % of commercial travel buyers expect their companies to reduce employees this year, while about 20 % said they were not sure, as this was shown.
“They are not sure enough to be able to say that things will be fine or that things will not be fine,” she said.
About 27 % of the respondents said that they expect the travel travel spending as well.
Long -term fears
The report said that a third of the business travel buyers said that their companies have changed, or considering change, or policies related to travel to the United States or from the United States.
About 6 % said that their companies transferred events from the United States to another country.
“From the perspective of APAC, and certainly from a European perspective, perhaps even Latam, there is an opportunity to be the source of the place where these meetings take place.” “There are many other opportunities to be a winner in this commercial game.”
Travel professionals expressed businessmen for many concerns about the possibility of a long -term impact resulting from the Trump administration decisions this year, leading fears of commercial travel costs (54 %) and visa treatment problems (46 %).
However, the global weather parties decreased slightly-about $ 17, or 2.2 % year on an annual basis-according to FCM Consulting, a section of the FCM Travel Travel Company.
Not all “perdition and depression”
However, the World Business Travel Market is still on the right path to the top $ 1.6 trillion by the end of 2025, Novang said.
However, she said only this “if it was the last 100 days, does not negatively affect everywhere.”
By 2028, the World Travel Association expects that this number will cross a trillion dollar brand. She pointed out that although commercial travel volumes did not return to prenatal levels, spending on work at work was completely recovered in 2024, partly as a result of inflation.
But she said that the trade war started by the Trump administration could spell a Nuba from new commercial trips.
She said: “During times of commercial wars, work travel may actually increase for at least a period of time – so new partners (and) new markets are found.” “Check a customer, you need to find another one. So I think this perspective does not mean all this perdition and depression for us.”
However, if the customs tariff remains high, “there will definitely an effect for us to travel … but I believe that Europe, Asia, Europe to Asia and Asia to Europe. I think anywhere for Africa, all of which are fine.”
Travel to the United States to the United States decreased in 2025. International visitors’ spending is expected to decrease by 4.7 % from 2024, which represents about $ 8.5 billion for the American travel industry, within a year, revenue was expected to grow widely.
Bella Stodart of CNBC contributed to this report.
https://image.cnbcfm.com/api/v1/image/107245799-1684910710493-gettyimages-112156400-pe0076803.jpeg?v=1748502758&w=1920&h=1080
Source link