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Step into the world of global business travel as we record live from the Global Business Travel Association's (GBTA) Toronto conference—where industry leaders overseeing a staggering $345 billion in corporate travel spending converge. The business travel sector isn’t just rebounding; it’s thriving. According to GBTA CEO Suzanne Neufang, global travel spending has surged beyond pre-pandemic levels, projected to hit $1.63 trillion in 2025 and exceed $2 trillion by 2028. Despite early doubts about its future, business travel has proven indispensable, with face-to-face meetings remaining a key driver for cultivating relationships and fostering corporate culture.

Our discussions uncover remarkable transformations in travel trends. Day trips are nearly obsolete, replaced by longer stays of 3-5 nights, as 40% of business travelers prioritize productivity and better work-life balance. Additionally, "blended travel"—combining business with leisure—has soared, with a 60% rise in adoption compared to pre-pandemic times. We also explore Toronto’s Exhibition Place, a 192-acre hub hosting over 2,100 annual events, as General Manager Laura Purdy highlights its sustainability leadership through LEED certification, renewable energy initiatives, and robust waste diversion programs that make eco-friendly meetings a reality. 

Heather Neale from Destination Toronto paints the city as a global business hub, celebrated for its multicultural vibrancy and connectivity. With 53% of residents born outside Canada and direct flights from 180 destinations, Toronto offers a unique blend of international appeal and North American convenience. Whether you’re organizing corporate events, managing travel programs, or curious about the forces driving global mobility, this episode offers valuable insights into an industry that builds connections and drives innovation across borders. Don’t miss this behind-the-scenes look at the power of bringing people together.

The #1 B2B Travel Podcast Globally. Over 100 Episodes. Listeners in 125 countries. New Episodes Every Weds. Season 6 launches in September.

https://www.traveltrendspodcast.com/