- According to two companies that arrange business trips, traveling to less expensive destinations is becoming increasingly popular.
- According to data from Engine, there’s a significant increase in business travel demand in places such as Tampa and Charlotte.
- In 2024, business travel experienced significant growth; however, companies are now seeking more economical alternatives.
Traditional
business travel
Hotspots such as New York City, Las Vegas, and Chicago are encountering some fresh competition.
More and more employers are now seeking out locations where they can find greater
affordable prices
And additional benefits for business travelers were mentioned by Ariel Katen, who leads product development with an emphasis on group reservations at Engine, a company specializing in managing travel for employees.
“There’s a significant rise in emerging cities, particularly those located in Florida, which is quite intriguing,” Katen shared with Business, noting that an array of newer urban centers is gaining traction as preferred locations for companies looking to organize team events.
If you needed to accommodate your whole team at a cheaper rate, where would you look for more budget-friendly hotel rooms?
New York City
“Or is that Tampa?” she asked.
A study conducted by Deloitte in 2024 revealed that most companies intended to boost their expenditure on
corporate travel
Some individuals had concerns regarding elevated expenses and sought methods to reduce their costs, such as opting for more affordable flights or accommodations.
Data from engines like Engine and other travel platforms indicate that budget-friendly destinations, particularly those located in the Southern part of the country, are gaining popularity among travelers.
business travel
.
The top five popular spots for business travel are listed here.
Charlotte
Charlotte, North Carolina
Among the locations pinpointed by Engine as experiencing growth in demand from business travelers was , with data showing a 5% rise in room rates year over year as of January.
FCM Travel, an additional corporate travel management platform, recognized Charlotte as a leading destination for business trips in their report published in December 2023. Their data revealed a 9% rise in business travel to Charlotte from the previous year in 2024.
Orlando
Katen said
Orlando
One of the popular spots in Florida for professional trips was attracting visitors due to its robust convention facilities and various entertaining activities, which made it particularly appealing during the era of combining work-related travels with leisure time, often referred to as “bleisure” travel.
FCM Travel discovered that business trips to Orlando rose by almost 11% year-over-year during the latter part of 2024, outpacing all other cities.
Nashville
FCM Travel discovered that corporate travel to
Nashville
rose by over 8% compared to the previous year in the latter part of 2024.
In recent years, Nashville has evolved into a thriving business center, largely due to sectors such as healthcare and technology.
Denver
The engine indicated that Denver has experienced consistent hikes in room prices for business reservations, due to the city’s blend of easy conveniences and proximity to outdoor attractions.
leisure travelers
Hotel room prices increased by almost 6% compared to last year in January, as per the information provided by Data Engine to Business Insider.
FCM Travel discovered that business trips to Denver saw a rise of 5% compared to the previous year in 2024.
Tampa
According to data from the engine, Tampa emerged as another popular spot in Florida, witnessing a significant surge of 16% in hotel room rates compared to the previous January.
Tampa has emerged as a growing tech center and has seen a rise in startup activity following the pandemic.
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