Webinar: A Deep Dive Into The Navan Business Travel Index
The Navan Team
Pop quiz: Did companies scale back their travel spend in the face of market uncertainty earlier this year? “You would have thought so,” said Navan CFO Amy Butte in a recent webinar, but “the opposite was true.” In fact, she said, business travel increased by 15% during Q2 — even as consumer travel declined by 1%.
That’s just one of the findings Butte and NASDAQ Chief Economist Phil McIntosh covered in the webinar, which focused on The Navan Business Travel Index (BTI) — a proprietary study based on Navan data and verified by Nasdaq.
Their discussion went beyond business travel’s macro trajectory. The two also delved into more detailed trends covered in the BTI, like business travel spend by industry.
It’s an important point, because while the report found an overall increase in air and hotel travel spend, growth hasn’t been the same across the board. Butte and McIntosh discussed which industries spent more, as well as how companies allocated their travel dollars.
With travel, it’s easy to extrapolate anecdotal evidence into assumptions about business travel spend. Determining the truth requires a more thorough analysis of the data.
That’s why we created The Navan Business Travel Index — and why we’ll continue to publish it quarterly. We wanted to showcase data, independently verified by a trusted source, that tells the real story about business travel today. And the index has quickly become an essential benchmark for any organization allocating resources to business travel.
This content is for informational purposes only. It doesn't necessarily reflect the views of Navan and should not be construed as legal, tax, benefits, financial, accounting, or other advice. If you need specific advice for your business, please consult with an expert, as rules and regulations change regularly.