The business travel rebound will continue at a “muted” pace, according to the latest report from the U.S. Travel Association. The forecast showed that domestic business travel spending is forecast to grow 1.4% in 2025, with group travel at a slightly higher rate than transients. These levels, said the report, are expected to improve and exceed leisure growth rates from 2027 through 2029 as business investment solidifies and overall economic conditions improve.

Other findings from the report include:

• International inbound travel is projected to decrease in 2025 for the first time since 2020, but to resume growth in 2026 driven by US-hosted events such as the FIFA World Cup and America 250 celebrations.
• For 2025, total US travel spending is projected to grow 1.1% to $1.35 trillion, and will reach $1.49 trillion by 2029. Inbound international visits are projected to decrease 6.3% from 72.4 million in 2024 to 67.9 million in 2025.
• Consumer uncertainty remains significant, and if broader economic conditions deteriorate, travel is likely to decrease as well.
• Additionally, the US risks further decreasing international inbound visits based on potential increases in visa fees, extended wait times for visa applications and renewals, and negative sentiment toward the US in key markets.