The FCM Company Journey Summit, powered by GBTA, predicts that India’s enterprise journey spending will recuperate to pre-2019 ranges by 2025, aided by sturdy financial development, elevated demand for face-to-face conferences, and technological developments.
The FCM Company Journey Summit, in collaboration with the International Enterprise Journey Affiliation (GBTA), tasks a return to pre-2019 enterprise journey expenditure ranges for India by 2025. The summit, themed “Buyer Expertise Redefined: Tech Pushed, Folks Centered,” supplied attendees a complete view of enterprise journey spending developments in India and the position of expertise in reshaping the trade.
In keeping with the GBTA’s Enterprise Journey Index (BTI) report, India’s enterprise journey spending was estimated at US$38.3 billion in 2024, putting the nation because the eighth-largest world marketplace for journey spending. “India is witnessing a part of sturdy financial development, robust company earnings, and a rising demand for in-person conferences,” said Sunny Sodhi, Managing Director of FCM Journey India.
The GBTA report additional revealed that India is the fourth largest market within the APAC area, accounting for six.2% of enterprise journey spending. In keeping with Bertrand Saillet, Managing Director of FCM Journey Asia, this development is majorly pushed by nationwide markets and the Small and Medium Enterprises (SME) phase, in addition to a thriving conferences and occasions sector.
Know-how is taking part in an more and more vital position in reshaping the enterprise journey panorama. A GBTA survey found that 63% of APAC patrons highlighted Synthetic Intelligence (AI) as their high precedence for 2025. Reflecting this pattern, Flight Centre Journey Group has established an AI Centre of Excellence to reinforce AI capabilities, primarily specializing in bettering service supply and the traveler expertise.
The FCM Conferences & Occasions workforce additionally underscored the significance of using expertise and instruments to drive engagement with content material, ship personalised experiences, and assist attendees keep aligned with the occasion’s targets. “Technological developments, notably in AI, together with the continued evolution of sustainability, will proceed to form our trade,” mentioned Elle Ng-Darmawan, GBTA’s Regional Director for APAC.
Whereas 2025 is predicted to mark a major turning level for enterprise journey because it ushers in a brand new period, trade gamers should additionally think about financial developments, as journey prices and budgets will play an important position in shaping the way forward for the trade. The summit, which noticed the participation of over 150 professionals from the journey trade, served as a platform to share these insights and anticipate future developments in enterprise journey.