The Navan Business Travel Index
See the data-backed trends driving business travel now
Access exclusive, proprietary Nasdaq-validated data that reveals what's happening with corporate travel investments on our platform. While consumer travel indices tell one story, the business travel reality is dramatically different.
20% year-over-year growth in business travel activity
Businesses continued to invest in in-person connections.
What sectors are driving growth?
Most industries demonstrated significant year-over-year growth, but several declined compared to the prior year.
Spend growth outpaced volume growth
The gap between air, hotel, and expense volume and corresponding spend continued to widen, especially internationally.
“This quarter’s Navan Business Travel Index isn’t just about clear trends; in our view, it’s a strong indicator of how modern businesses are allocating capital to support growth, and we’re seeing a deliberate strategy unfold. We believe companies are making smart investments in face-to-face meetings, whether it’s for closing deals, strengthening partnerships, or bringing teams together. For finance leaders, the Navan BTI provides a critical benchmark to help them understand if their own travel investment is keeping pace with the market and driving a competitive advantage.”
Amy ButteChief Financial Officer, Navan
“The first edition of the Navan BTI validated our hypothesis that this report would offer a perspective on corporate travel that had been lacking. We’re proud to continue our partnership with Navan for this next installment, which provides a clear insight into the business travel landscape and how companies prioritize it as an area of investment.”
Phil MackintoshChief Economist, Nasdaq