Business Travel on the Rise: USD 1.8 Trillion Forecast by 2027 Predicts GBTA 2023 Index

Business Travel on the Rise: USD 1.8 Trillion Forecast by 2027 Predicts GBTA 2023 Index

By Author

Published on December 23, 2023

As the world marches towards 2027, the global business travel sector is poised to reach a staggering USD 1.8 trillion, marking a significant leap in the industry. The 2023 GBTA Business Travel Index Report has shed light on this remarkable growth, indicating a faster-than-expected rebound. In 2023 alone, business travel spending rose by 47 percent, reaching USD 1.03 trillion, and is projected to continue its upward trajectory.

Last year's business events scene painted an equally impressive picture. The ICCA statistical forecast revealed an astonishing 349 percent increase in in-person events. Out of the 10,602 recorded business events globally, 9,009, accounting for 85 percent, were in-person, with the Middle East leading the charge. The region accounted for the highest percentage of in-person delegates at 94 percent, as per the official figures.

Looking ahead, the Arabian Travel Market (ATM) 2024 is setting the stage for a groundbreaking collaboration. Slated from May 6-9 at the Dubai World Trade Centre, ATM has joined forces with the International Congress and Convention Association (ICCA) and the Global Business Travel Association (GBTA). This strategic alliance, designating ICCA and GBTA as 'Knowledge Partners,' is a testament to ATM's commitment to enhancing the value and innovation of its regional trade show. This partnership is expected to offer profound insights and open new opportunities for the burgeoning business events and travel segments.

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The business travel industry's growth trajectory is complemented by an evolving landscape. Despite the global rebound, many firms are rethinking their travel strategies. The shift towards video conferencing and rail trips over flying, while slower to return business travel to 2019 levels, is a nod to environmental concerns. This trend is a balancing act between maintaining corporate relationships and minimizing overall emissions, reflecting a conscientious approach to business travel.

During ATM 2024, ICCA will delve into various MICE industry topics through seminars, while GBTA will unveil the prevailing trends in the business travel sector. These sessions are designed to provide attendees with valuable insights into recent research, innovations, and best practices.

The collaboration brings together diverse perspectives. Dr. Senthil Gopinath, CEO of ICCA, expresses enthusiasm about this inclusive approach, marking an exciting chapter for business events in future editions. Catherine Logan, Regional Senior Vice President EMEA and APAC at GBTA, emphasizes the MEA region's potential and its impressive recovery to 95 percent of pre-pandemic spending in 2022.

The upcoming 31st edition of ATM, themed 'Empowering Innovation: Transforming Travel Through Entrepreneurship,' focuses on exploring how travel and tourism innovators can attract greater funding and significantly boost the sector's contribution to the global GDP. Last year's event, with over 40,000 attendees, set a new benchmark, and this year's edition is poised to raise the bar even higher.


Maize & Malt Brewery: Bangalore's New Gem in Whitefield

Maize & Malt Brewery: Bangalore's New Gem in Whitefield

By Nishang Narayan

Published on July 26, 2024

Bangalore, renowned as the Brewery Capital of India, proudly introduces its latest gem: Maize & Malt Brewery in Whitefield. This expansive venue combines Anglo-Indian and global cuisine with a range of innovative beers, all set in a vibrant entertainment space.

A Journey Through Maize & Malt

Spanning over 60,000 square feet, Maize & Malt features a labyrinthine design with walkover bridges, winding pathways, and seating for 1,200 guests. The name "Maize & Malt" reflects both the key ingredients of beer and the venue's intricate layout, inviting exploration and discovery.

Culinary and Brewing Excellence

Chef Sombir Choudhary and mixologist Avinash Kapoli, known for their work at Soka & Jamming Goat, lead the culinary team. Amit Mishra, Co-founder of Falcon Brews, brings his expertise with a craft beer program featuring Blonde Ale, Hazy IPA, and Amber Ale. Each brew showcases his commitment to blending traditional techniques with modern flavors.

Versatile Event Spaces

Maize & Malt offers versatile event spaces, including The Speakeasy, an indoor cocktail bar ideal for corporate gatherings, and a rooftop area with an Island Bar, Live Counter, and seating for 1,000 guests, complete with a DJ Deck for vibrant nightlife.

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Innovative Beverage Program

The beverage program features signature cocktails inspired by regional flavors. The "Fruitful Phantoms" selection includes cold-pressed juices and premium spirits, while the "Revived Classics" elevate traditional drinks like Gin and Tonic with in-house sous-vide syrups.

A Message from the Directors

Siddharth Kumar Gupta and Shashaank Shekhar, Serial Entrepreneurs and Directors of Maize & Malt, express their excitement: "We’re unveiling a multifaceted entertainment destination meant for all occasions. Our venue offers the perfect backdrop for everything from intimate dinners to grand celebrations. We look forward to welcoming the community and creating memorable experiences."

Maize & Malt Brewery stands out in Bangalore's hospitality scene, promising a blend of tradition, innovation, and enjoyment. Whether for craft beer, regional cuisine, or hosting events, Maize & Malt offers an exceptional experience in Whitefield.


Magnolia Bakery's Monsoon Hot Chocolate Trio: Cake, Cupcake, and Signature Drink

Magnolia Bakery's Monsoon Hot Chocolate Trio: Cake, Cupcake, and Signature Drink

By Nishang Narayan

Published on July 26, 2024

Magnolia Bakery is thrilled to present its indulgent trio of hot chocolate treats this Monsoon season. The bakery introduces a new Hot Chocolate Cake alongside its popular Hot Chocolate Cupcake and Signature Hot Chocolate, all available at their locations.

Hot Chocolate Cake Slice: Experience peak decadence with this cake, featuring layers of milk chocolate ganache, meringue icing, and a cocoa powder dusting.

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Hot Chocolate Cupcake: A nostalgic favorite, this classic chocolate cupcake is filled with milk chocolate ganache, topped with meringue icing, and finished with cocoa powder.

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Signature Hot Chocolate: Made with premium cocoa, this luxurious drink is perfect on its own or paired with Magnolia’s baked goods.

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All items are baked fresh daily to ensure the highest quality.

Availability: Monday - Sunday, 10am - 11:30pm

Locations & Phone Numbers:

  • J.K. Plaza, Indiranagar, Bengaluru: +91 96067 46364

  • RMZ Ecoworld, Sarjapur, Bengaluru: +91 99809 99943

  • Phoenix Market City, Mahadevapura, Bengaluru: +91 98453 32233

  • Forum Mall, Prestige Falcon City, Konanakunte, Bengaluru: +91 99026 42266

  • Phoenix Mall of Asia, Unit No F-10A and 10B, 1st Floor: +91 96067 27455

Price: Starting at INR 250 + tax

For media inquiries, contact:

  • Priyam Asrani: +91 96202 53335

  • Divya Shivaprasad: +91 63666 47055

  • Nasreen Patel: +91 99452 80507

Follow @magnoliabakery.india for the latest updates and indulge in Magnolia Bakery's Monsoon offerings.


Eight Continents and Wandr Collaborate to Elevate Luxury at the City of Music Resort

Eight Continents and Wandr Collaborate to Elevate Luxury at the City of Music Resort

By Nithyakala Neelakandan

Published on July 25, 2024

In an innovative partnership, Wandr’s music-themed township and luxury hospitality brand Eight Continents have joined forces to enhance the City of Music resort in Khopoli, India. This unique township, situated along the picturesque Amba River, aims to combine the essence of music with luxurious living.

Spanning 22 acres, the City of Music boasts 150 lavish villas and 300 resort suites. Each accommodation is designed to create a musical retreat, offering guests a serene and immersive experience. Among the resort's many highlights are Asia’s largest guitar-shaped pool, beautifully landscaped gardens, a state-of-the-art gym, a mini theater, and a musical landscape garden. Additionally, the resort features private pool villas, jacuzzi ensuites, and riverside gazebos for an exclusive and tranquil stay.

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The vibrant music culture is a hallmark of the City of Music. Live music events and activities such as box cricket add to the lively atmosphere. The resort will soon introduce Windchime, a musical café designed to attract music enthusiasts. Endorsements from musical legends like Ustad Amjad Ali Khan, Shaan, and Sunidhi Chauhan further highlight the resort’s commitment to celebrating music.

The collaboration with Eight Continents signifies a new chapter for the City of Music. Eight Continents will oversee the global management, sales, and marketing of the property, ensuring it meets their high standards. This partnership is set to elevate the City of Music to new heights, drawing guests from around the world and offering them an exceptional luxury experience.

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Avinash Abhichandani, Director and CEO of Wandr, expressed his excitement about the partnership, saying, “We are ecstatic to join forces with Eight Continents to introduce the City of Music to a global audience. This partnership underscores our dedication to providing a unique fusion of music and luxury. With Eight Continents' hospitality expertise, we are confident that the City of Music will emerge as a premier destination for music enthusiasts and luxury seekers alike." He further added, "Our vision is to establish this venue as Maharashtra's largest destination wedding hotspot, conveniently located near Mumbai and Pune.”

Richa Adhia, Managing Director of Eight Continents Hotels & Resorts, added, “At Eight Continents, we are always looking for opportunities to create extraordinary experiences for our guests. The City of Music is a perfect fit for our brand, combining the beauty of nature with the universal language of music. We are excited to bring our signature standards of luxury and service to this remarkable property, ensuring that every guest enjoys an unforgettable stay.” 

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The City of Music also prioritizes safety, with a gated community and CCTV monitoring providing peace of mind for residents and guests. 

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