Two in five Australian businesses (40%) intend to increase travel while 42 per cent of corporate travellers plan to increase their travel spend in FY25 compared to last year, according to Flight Centre Travel Group’s inaugural State of the Market global survey.
FCTG Corporate surveyed more than 500 FCM Travel and Corporate Traveller customers in all regions to reveal future travel intentions worldwide.
Despite a stagnant economy, Australian and New Zealand businesses reflect global data with almost 40 per cent of FCTG corporate clients planning to take more business trips in the next financial year and spend more on corporate travel than FY24.
Global corporate travel intentions and spend for FY25
Overall, 10 per cent of respondents intend to increase their corporate travel by more than 20 per cent, 30 per cent plan to increase corporate travel by less than 20 per cent, 35 per cent believe the amount of travel will be the same, with only 10 per cent anticipating a reduction.
As for intention to spend, six per cent of those surveyed plan to spend over 20 per cent more on their travel, 36 per cent intend to increase spend by less than 20 per cent more, 31 per cent believe the amount spent will be similar versus last year, while only 11 per cent anticipate reducing costs.
Corporate travel still crucial in FY25
FCTG Corporate Global COO Melissa Elf said the survey showed corporate travel is deemed a non-discretionary spend for businesses to remain competitive.
“Corporate travel is now, without question, a critical facet to surviving and thriving across the globe – evidenced by a significant percentage of our customers planning to increase their travel volume and spend on travel,” she said.
“Businesses, whether large multinationals or SMEs and startups, are vital to the economy.
“These figures paint a positive picture for the world of business travel going forward and will create flow-on effects for destinations as corporates continue to utilise the ‘bleisure’ trend of adding a holiday to the beginning or end of their trips.”
