The domestic business trips in Germany demonstrated fluctuating trends from 2013 to 2023, starting at 5.6124 million trips in 2013 and reaching 6.0756 million in 2023. Except for a significant drop in 2017, the values largely hovered around the 6 million mark. The year 2014 showed the highest year-on-year increase at 19.57%, while 2017 recorded the most substantial decrease at -19.69%. The compound annual growth rate (CAGR) from 2018 to 2023 was approximately -0.11%.
Year-on-year trends showed minor variations recently, with the values from 2021 to 2023 fluctuating by less than 0.04%. Moving into the forecast period (2024-2028), the expected 5-year CAGR is approximately 0.03%, indicating very modest growth.
Future trends to watch for include:
- The impact of emerging remote work culture on business travel.
- Technological advancements facilitating virtual meetings.
- Environmental policies influencing corporate travel practices.
- Global economic factors affecting business travel budgets and frequencies.
