Business Travel in a Time of Trade Wars

The business travel industry is facing some serious challenges. A recent poll of over 900 travel professionals revealed a significant drop in optimism. In November 2024, 67% of respondents felt positive about the industry. By April 2025, that number had plummeted to just 31%. This shift is largely due to new tariffs, stricter border policies, and other government actions. These changes have created a lot of uncertainty. Many companies are rethinking their travel plans. Nearly 30% of business travel buyers expect their companies to cut back on employee trips this year. Another 20% are unsure about what the future holds. This uncertainty is making it hard for companies to plan ahead. Some are even considering changes to their travel policies. A third of respondents said their companies are looking at altering rules for travel to or from the United States. A small but notable 6% have already moved events out of the U. S. This could open up new opportunities for other regions to host these events. The long-term effects of these changes are a major concern. Many business travel professionals are worried about increased costs and visa processing issues. These concerns could have a lasting impact on the industry. However, it's not all bad news. Global airfares have actually decreased slightly, down by about $17 or 2. 2% year-to-date. This could provide some relief for travelers. The industry is at a crossroads. While there are challenges, there are also opportunities for innovation and growth. Companies and travel professionals need to adapt and find new ways to thrive in this changing landscape.