BTI™ Outlook
From Setback to Surge: Business Travel Expected to Fully Recover by 2024
GBTA | November 17, 2021
Business travel recovery in 2021 proceeded at a slower, more cautionary pace than expected from a year ago. However, global business travel spending is expected to surge in 2022 with full recovery expected in 2024–ending the year on pace with the 2019 pre-pandemic spend of $1.4 trillion, and a year sooner than previously forecast. This is according to the Global Business Travel Association (GBTA), the world’s largest business travel association, which today released the results of its latest business travel index–the BTI™ Outlook. The report provides a detailed analysis of business travel in 2021 with projections for 2022 and b...
Business Travel: Full Recovery Expected by 2025
the Global Business Travel Association | February 2, 2021
Alexandria, Virginia – February 2, 2021 – The Global Business Travel Association (GBTA) – the world’s largest business travel association – released its annual BTI™ Outlook, a detailed analysis of business travel in 2020, with projections for 2021 and beyond. The BTI Outlook, now in its 12th year, is an exhaustive study of business travel spending and growth covering 75 countries across 48 industries. The true global financial impact of COVID-19 began in Q2 2020, resulting in an expected 68% decline (to $738 billion USD) from April 1, 2020 to the end of the year. Because of the relatively strong (pre-COVID) first quarter of 202...
