Large-group corporate offsite travel is on the rise, with an increasing share of those meetings occurring outside of the United States, according to analysis by card and spend management platform Brex.
The data, which Brex said was based on analysis of billions of dollars in spending on the Brex platform, shows that the share of business trips with two or more travelers has been growing as the share of solo business trips declines. As of July of this year, trips with two or more travelers accounted for 65 percent of all business travel, according to Brex. Solo travel business trips so far this year have accounted for 35 percent of all trips; in 2022, they accounted for half of trips, and in 2019, they accounted for 70 percent of trips, the data indicated.
Itineraries with 10 or more travelers also are increasing share in Brex as well, accounting for 25 percent of trips so far this year. In 2022, they accounted for less than 5 percent of all trips. Brex said a quarter of its traveling customers are now running an offsite with at least 10 people every quarter.
In the second quarter of this year, 15 percent of those large-group trips were outside of the U.S., compared with 11 percent in the second quarter of 2024. Top outside destinations on the platform include Nassau, The Bahamas; Punta Cana, Dominican Republic; and Cancún, Mexico, according to Brex.