New Report from Cvent and GBTA Sheds Light on the Transforming Role of the Corporate Travel Manager

 

GBTA and Cvent partnered to conduct a study examining the ongoing adjustments travel managers are currently making to their responsibilities, compensation, and job satisfaction, and released the findings yesterday. Titled “The Life and Times of a Corporate Travel Manager: Travel Manager Reflections on Their Career and the Evolving Role,” the report explores the critical and evolving role of travel managers, including their reshaped responsibilities, compensation insights, DE&I advances and career satisfaction.

Among the key findings from U.S., Canada and Europe/UK-based travel managers:

• Almost all respondents (90%) "like” (58%) or “love” (31%) working in the field. They are satisfied with work-life balance and engagement with their day-to-day responsibilities.
• U.S.-based travel managers expect to earn a median salary of $117,500 this year, which represents an increase of 3.5% from 2022
• European Union travel managers expect to earn on average €70.000 in 2023, a 1.9% increase from last year.

“The past few years have required navigating unprecedented changes and a new landscape for business travel, and that includes for our industry’s workforce. So it’s essential for us to examine how travel managers fit into this forever-changed world.” said Suzanne Neufang, CEO, GBTA.

Members from the GBTA, Cvent and Fidelity International Marketing and Research teams will be presenting the report and its findings – along with more insights and discussion – on June 21, 2023, at 11:00 AM ET, in a free webinar. Interested attendees can register here.

GBTA members can access the complete research report and infographic from the GBTA Member Hub. The report can also be downloaded on the Cvent website.

Read the full announcement here

Tags:  Cvent,  GBTA, Suzanne Neufang