How much will business travel increase in 2023?

Altogether, about a quarter (24%) of companies expect their travel spend to exceed three-quarters of 2019 levels in the first half of 2023; that figure more than doubles to 53% by the second half of 2023. The share of US companies expecting to reach full recovery grows fourfold from the end of 2023 to the end of 2024.



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Key takeaways: Global leisure travel remains robust, up roughly 31% in March 2023 compared to the same period in 2019, representing an impressive 25% year-over-year-to-date change from 2022 to 2023.

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Domestic airline prices are on the decline in 2023, finally retreating after spiking just a year ago. International fares are still high. After soaring in 2022, prices for domestic airline tickets are on the descent.

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In 2023, we can expect to see a rise in eco-tourism, which focuses on environmentally responsible travel. This could include activities such as volunteering on conservation projects, staying in eco-friendly accommodations, and supporting local sustainable businesses.

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In 2020, most business travel was relegated to C-suite executives. As the world started reopening, leisure travel rebounded first, but business travel began increasing again in 2021 and 2022. There has been a tremendous increase from last year to now, and business travel is expected to fully rebound by the end of 2024.

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According to estimates from the World Tourism Organization (UNWTO) for 2023, international tourist arrivals could reach 80 to 95 percent of prepandemic levels depending on the extent of the economic slowdown, travel recovery in Asia–Pacific, and geopolitical tensions, among other factors.

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70% of Gen Z and millennial respondents agree that they have been inspired to visit a destination after seeing it featured in a TV show, news source, or movie. And 61%of Gen Z and millennials agree that a top motivation for traveling in 2023 is to visit a destination because it looks great in photos and videos.

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“For international flights — [it's] four to 10 months.” If you're traveling during an off-peak season, you're going to want to look at airfares one to three months in advance for domestic flights, and two to eight months ahead of the flight for international trips.

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The cheapest months to travel are:
  • November – early December.
  • Late January – March.


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Hotel rates in the U.S. rose 1.8% in May 2023 from the previous month, according to the U.S. Bureau of Labor Statistics. Rates this May were also 3% higher from the same month last year. Travelers have seen hotel rates surge in part because the cost of operating hotels has risen.

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15 Tips from Women to Save Money on Travel in 2023
  1. Set a budget and follow it. ...
  2. Look for deals and discounts. ...
  3. Look beyond the cost of the plane ticket. ...
  4. Exchange your money before leaving. ...
  5. Download an eSIM card. ...
  6. Stay in hostels or shared accommodation. ...
  7. Eat your biggest meal at lunch. ...
  8. Eat like a local.


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Spring break. For domestic flights in March and April, Google said, prices are typically lowest 23 to 59 days before departure, hitting their lowest price 38 days out. Summer vacation. For domestic flights in July or August, prices are typically lower 14 to 44 days out, hitting rock bottom 21 days before takeoff.

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