Did you know that the travel and tourism industry, which is comprised of 25 subsets including hospitality, air travel, and food and beverage services, generates $7.6 trillion worldwide? What about that of this massive industry, 28.4% of all global travel and tourism revenue is accounted for by business travel? Did you know that this number is expected to increase in the upcoming years?
To help meeting and event planners stay up to date on all that is happening in the travel and tourism industry, we’ve curated a list of the top 53 statistics you should know. Check them out.
Top 53 Travel Statistics Meeting and Event Planners Need to Know
1. $3.4 trillion – the amount of money the hospitality industry adds to the global economy every year (Site Minder, 2019)
2. $400-500 billion- the amount the global hotel industry makes in revenue each year (Statista, 2019).
3. 8,976- the number of hotels the Wyndham Group has, making it the world leader in number of hotel properties (Statista, 2019).
4. The Ritz Carlton was rated the best luxury hotel in the U.S. and Canada (Statista, 2019).
5. $422.82 per night- the amount for a hotel room for a business traveler in NYC, making New York City the most expensive city for business travel in the United States (Statista, 2019).
6. $306 per night- the average hotel price in New York for a hotel room, making NYC home to the highest hotel prices per night in any city in the world (Statista, 2019).
7. $129.83- the average rate per night for a hotel in the U.S. (Statista, 2019).
8. 78% of global hoteliers report being willing to negotiate free or discounted Wi-Fi in a contract with a planner (Amex Global Business Travel, 2018).
9. 73% of planners worked with hotels to plan an event in 2018 (Event Manager, 2018).
10. 66 - the number of new hotels being open in Dubai (Amex Global Business Travel, 2018).
11. 29% of people employed in the hospitality industry are under 21 years old (Site Minder, 2019)
12. Hospitality businesses that spend 5% or more of their budget on training have less than a 23% staff turnover (Site Minder, 2019)
13. 3.5% increase will be seen in North America group hotel rates, making it the greatest increase in rate when compared to Europe, Central and SouthAmerica, and Asia Pacific group hotel rates (Amex Global Business Travel, 2018).
14. 2.2% of global hoteliers report expecting to see an increase in the cost of an attendee for training and incentive meetings (Amex Global Business Travel, 2018).
15. $1.7 trillion – the projected amount of money that will be spent on business travel by 2020 (FitSmallBusiness, 2019).
16. $346.5 billion- the amount of business travel spend in China (Statista, 2019).
17. $949 – the amount of money corporate planners spent on each employee on average for domestic trips (Certify, 2019).
18. 90% of business travelers report travel as an essential part to company growth (SpendDesk, 2019).
19. 75% of millennial-age business travelers report traveling for their jobs to be a benefit (Forbes, 2018).
20. 69% of business travelers reporting booking their flight and hotel arrangements on their own (Skift, 2019).
21. 64% of European companies use an internal group air specialist to book their air travel for meetings and events (Amex Global Business Travel, 2018).
22. 57% of business planners use one platform to plan, book, and track business travel (SpendDesk, 2019).
23. 51% of business travelers report that they believe all travel payments will be made via mobile within the next 10 years (LCT, 2018).
24. 50% of airlines prefer to negotiate deals around flat rates from one destination and mini rout deals or conference window rates (Amex Global Business Travel, 2018).
25. 34x – face-to-face meetings were found to be 34 times more powerful than remote meetings (LCT, 2018).
26. 23% of business planners report waiting a week before the event to book domestic travel (SpendDesk, 2019).
27. 21% of companies business travel budget is spent on meals, making it the most expensive part of travel (Certify, 2019).
28. 5.6% increase in group air rates will be seen in 2019 in North America, making it the largest rise in air rates in the world (Amex Global Business Travel, 2018).
Travel & Sustainability:
29. 87% of travelers say they want to travel sustainably (Travel Agent Central, 2018).
30. 81% of respondents said they traveled green by using the recycling facilities in their hotel (Statista, 2019).
31. 58% of travelers reported that they chose their hotel based on whether the hotel gave back to the planet or to the local community and its people (Responsible Travel,2019).
32. 48% of travelers report that they sometimes, rarely, or never travel sustainable, even if they want to (Travel Agent Central, 2018).
33. 19% of respondents said they were likely to book with sustainable travel companies (Statista, 2019).
34. 12.7% of people are willing to pay $10 to $15 more per night if the hotel is more environmentally friendly (Statista, 2019).
35. 12% of travel agents report South Africa as the most popular ecotourism destination for travelers (Statista, 2019).
36. $11,086,000- the three-year energy cost savings the Ritz-Carlton Hotel achieved from reduced energy consumption (Responsible Travel, 2019).
Food & Drink:
37. 1 million+ restaurants are located in the United States (National Restaurant Association, 2019).
38. 92% of people find a restaurant by searching on their mobile web browser (HospitalityNet, 2019).
39. 62% of people say they would choose a restaurant with locally sourced food over another (National Restaurant Association,2019).
40. 45 minutes - the minimum time refreshment breaks should last for groups larger than 1,000 (EventInterface; 2019).
41. 16% of takeout orders come from offices, while 82% come from homes (EHL, 2018).
42. 9 gallons- the minimum amount of coffee that should be ordered for a 100-person event (EventInterface; 2019).
43. More women managers are employed in restaurants than in any other industry (National Restaurant Association,2019).
45. 89.1 billion – the amount of international tourism expenditure Germany had, making it the third-largest international tourism expenditure (Statista, 2019).
46.700,000 - the number of businesses that use Airbnb for corporate events (Spend Journal, 2019).
47. 88% of Americans prefer to book their hotels online (Statista, 2019).
48. 65% of corporate event planners are most concerned about finding good venues (Event Manager, 2019).
49. 58% of planners found and choose their event venue through a search engine (EventManager, 2019).
50. 50% of planners report receiving a discount off the advertised rate of from a venue (Event Manager, 2018).
51. 44% of planners reported that the Wi-Fi at venue spaces was the thing that annoyed them the most (EventManager, 2019).
52. 41% increase in demand was seen for mid-tier venue properties and is expected to continue to rise by at least 2% across the world (Amex Global Business Travel, 2018).
53. 3.8% increase in planner’s use of non-traditional venues (Event Manager, 2019).
What do you think of these 53 travel statistics? Which surprised you most? Which is your favorite? Let us know by commenting below!