The Changing Landscape of Corporate Travel: Embracing Domestic and Regional Business Travel in a Fragmented Economy

Title: Domestic and Regional Business Travel Surges as Companies Adapt to Hybrid Work, Global Trade Disruptions, and Sustainability Goals

In response to the changing global landscape, businesses are shifting their focus towards domestic and regional business travel. With geopolitical instability, supply chain disruptions, and economic fragmentation on the rise, companies are reevaluating their mobility strategies to ensure resilience and sustainability.

According to the World Economic Forum, multinational corporations are increasingly looking to strengthen regional supply chains to future-proof their operations. With climate change, political shifts, and rising shipping costs impacting traditional trade networks, businesses are turning towards localized trade, sustainable travel, and hybrid work models.

Key reasons behind this shift include global trade disruptions reshaping corporate travel needs, the rise of hybrid work fueling regional mobility, and the economic imperative driving growth in regional business travel. Companies are now focusing on cost-efficient regional travel, strengthening local supplier networks, and aligning with sustainability and ESG goals.

Certain regions are emerging as hotspots for corporate travel activity, with Asia-Pacific, North America, Europe, Latin America, and Africa seeing a surge in business travel as companies prioritize domestic trade partnerships and regional collaboration.

The future of business travel will be characterized by shorter, more frequent regional trips, sustainable and ESG-driven corporate mobility, and strategic travel investments that drive revenue and strengthen partnerships. In an era of economic fragmentation and geopolitical volatility, domestic and regional business travel is becoming the cornerstone of corporate mobility strategy, offering greater agility, resilience, and competitive advantage in the evolving global economy.