Author:
Skift & Navan
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Language:
English

The State of Corporate Travel and Expense 2025

December 2024
Marketing

With spending poised to hit record levels in 2025, the macro corporate travel landscape looks strikingly familiar: Employees are on the road in full force, and most companies are seeing business travel as a fundamental lynchpin for driving their corporate success.

Despite this conventional overtone, the underlying practices and management of business travel are undergoing a dynamic transformation, creating far-reaching implications for corporate travel and expense (T&E) programs.

Employees expect to travel more, and new types of teams are traveling and spending, to name just a couple of these new practices. That’s why this shift includes — out of necessity — a laser focus on recalibrating travel as a vehicle for business growth. In a rapidly evolving (and sometimes volatile) economic environment, the need for more efficiency and effectiveness is essential.

Travel and finance managers have been tasked with supporting a more holistic and targeted approach. Looking at 2025, they’re feeling an urgency to accelerate the push for innovative, all-in-one solutions that better serve travelers while ushering in more actionable back-end reporting. Organizations that master these challenges stand to capitalize on their investments in business travel as a competitive advantage and growth strategy.

In this report:

  • Findings from Skift and Navan’s sixth annual global survey. See what respondents think about the most significant issues affecting T&E — and how their sentiments compare to the previous five years of this benchmark study.
  • About half of employees work in a “hybrid” capacity — a dramatic drop from about 70 percent a year ago. See how still-shifting workplace dynamics are impacting the future of corporate travel and expense management.
  • Managers and travelers (finally) agree on the most important purposes for business travel. Learn how this atypically aligned mindset is leading to a more proactive, targeted mentality in every phase of the corporate travel experience.
  • More than 60 percent of travel and finance managers still process expense reports manually. Learn how outdated and inefficient expense management methods are critical challenges in validating the ROI of business travel — and what companies can do to improve the process.
  • 77 percent of managers said they are interested in an all-in-one travel and expense platform. Find out why this mindset is accelerating a recalibration of how corporate travel and finance operates.

Contents:

  • A Message From Navan
  • About the Skift and Navan “2025 State of Corporate Travel and Expense” Survey Introduction How the Modern Workplace Is Reshaping Corporate Travel
  • Saving and Streamlining: Recalibrating T&E to Reach Company Goals
  • Targeting Efficiency Through Unified Travel and Expense Technology
  • Looking Ahead: Envisioning Corporate Travel’s Technology-Driven Future

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The State of Corporate Travel and Expense 2025

December 2024
Marketing

With spending poised to hit record levels in 2025, the macro corporate travel landscape looks strikingly familiar: Employees are on the road in full force, and most companies are seeing business travel as a fundamental lynchpin for driving their corporate success.

Despite this conventional overtone, the underlying practices and management of business travel are undergoing a dynamic transformation, creating far-reaching implications for corporate travel and expense (T&E) programs.

Employees expect to travel more, and new types of teams are traveling and spending, to name just a couple of these new practices. That’s why this shift includes — out of necessity — a laser focus on recalibrating travel as a vehicle for business growth. In a rapidly evolving (and sometimes volatile) economic environment, the need for more efficiency and effectiveness is essential.

Travel and finance managers have been tasked with supporting a more holistic and targeted approach. Looking at 2025, they’re feeling an urgency to accelerate the push for innovative, all-in-one solutions that better serve travelers while ushering in more actionable back-end reporting. Organizations that master these challenges stand to capitalize on their investments in business travel as a competitive advantage and growth strategy.

In this report:

  • Findings from Skift and Navan’s sixth annual global survey. See what respondents think about the most significant issues affecting T&E — and how their sentiments compare to the previous five years of this benchmark study.
  • About half of employees work in a “hybrid” capacity — a dramatic drop from about 70 percent a year ago. See how still-shifting workplace dynamics are impacting the future of corporate travel and expense management.
  • Managers and travelers (finally) agree on the most important purposes for business travel. Learn how this atypically aligned mindset is leading to a more proactive, targeted mentality in every phase of the corporate travel experience.
  • More than 60 percent of travel and finance managers still process expense reports manually. Learn how outdated and inefficient expense management methods are critical challenges in validating the ROI of business travel — and what companies can do to improve the process.
  • 77 percent of managers said they are interested in an all-in-one travel and expense platform. Find out why this mindset is accelerating a recalibration of how corporate travel and finance operates.

Contents:

  • A Message From Navan
  • About the Skift and Navan “2025 State of Corporate Travel and Expense” Survey Introduction How the Modern Workplace Is Reshaping Corporate Travel
  • Saving and Streamlining: Recalibrating T&E to Reach Company Goals
  • Targeting Efficiency Through Unified Travel and Expense Technology
  • Looking Ahead: Envisioning Corporate Travel’s Technology-Driven Future