Business travel spending in Germany 2010-2025
The total expenses of Germans traveling for business purposes amounted to 30 billion U.S. dollars in 2020. This was a marked reduction compared to the previous year, when business travel expenditure reached roughly 78 billion U.S. dollars. The coronavirus (COVID-19) pandemic and related travel restrictions could explain why the expenses of business travelers decreased by 61.6 percent in 2020. Meanwhile, forecasts show that the sector will recover to pre-pandemic levels by 2024.