Press Release

India’s 2024 Business Travel Spend Estimated At $38.2 Billion

FCM Travel India, hosted its first FCM Corporate Travel Summit in Mumbai powered by the Global Business Travel Association (GBTA) with Hyatt India Hotels, Amadeus, and Singapore Airlines as sponsors. The summit was attended by more than 150 professionals from the travel industry, including key decision-makers.

Global Corporate Travel Management Company, FCM Travel India, hosted their first FCM Corporate Travel Summit in Mumbai powered by the Global Business Travel Association (GBTA) with Hyatt India Hotels, Amadeus, and Singapore Airlines as sponsors. The summit was attended by more than 150 professionals from the travel industry, including key decision-makers.

The event curated thought-provoking sessions for India’s business travel community which covered the latest business travel trends, technology, meetings and events and sustainability.

Comments by Sunny Sodhi, FCM Managing Director, India:

India is the 9th largest travel market in the world for business travel spending. It is the 4th largest market for the Asia Pacific region, representing 5.7 per cent of business travel spending in the region. In 2023, India’s business travel spending grew 24.7 per cent and we anticipate an 18.3 per cent increase in spending in 2024.

Comments by Manpreet Bindra, FCM Meetings & Events Leader, Asia:

It is going to be an exceptional year for the meetings and events industry. Technology-enabled events are here to stay, and we use artificial intelligence and virtual reality to enhance and elevate guest experiences. We have also seen a strong demand for wellness, well-being, and even luxurious experiences. We recently organised walking tours in Maasai Mara and dinner along the Mara River.

Comments by Bertrand Saillet, Managing Director of FCM Travel Asia:

Asia has continued to outperform, with a significant 44 per cent increase in revenue as announced in our Mid-Year Results FY2024. This is fuelled by strong performance across Southeast Asia, India, and the re-opening of China, hence we are witnessing growth opportunities in India and Southeast Asia in FY2025.

Comments by Catherine Logan, Regional Vice President of EMEA & APAC, GBTA:

India will fully reach pre-2019 spending levels by 2025 and is expected to reach 120 per cent of its pre-COVID business travel spend in 2027.

About FCM 

FCM is one of the world’s largest travel management companies and a trusted partner for thousands of national and multi-national organisations, including many household brands, Fortune, and FTSE 100 companies. With a 24/7 reach in over 97 countries, FCM’s agile and flexible technology anticipates and solves client needs supported by expert teams who provide in-depth local knowledge and duty of care as part of the ultimate personalised business travel experience. While as the flagship corporate travel arm of the ASX-listed Flight Centre Travel Group, FCM is able to deliver the best market-wide rates, unique added-value benefits, and exclusive solutions for its clients to support their business travel requirements. A recognised leader in the travel tech space, the company has debuted several proprietary client solutions over the last 12 months including a new omni-channel platform featuring a ‘first of its kind’ customised end-to-end user experience and FCM Booking, an innovative option to traditional OBTs. Alongside its travel management services, the company also provides specialist services through FCM Consulting and FCM Meetings & Events to service the broader needs of its clients. Discover the alternative at www.fcmtravel.com 

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