Business Travel forecast
Move Over COVID, the Business Travel Industry Tackles New Considerations on Its Continued Road to Recovery
GBTA | June 23, 2022
Business travel’s return remains strong, while emerging issues challenge accelerated recovery and companies empower employee travel based on COVID comfort levels, according to the latest research poll from GBTA Alexandria, VA – There’s more on the minds of the business travel industry these days beyond COVID-19 when it comes to the sector’s continued recovery. The return of global business travel remains strong – this month a majority of global travel managers surveyed report their companies are allowing domestic and international employee travel, and travel suppliers continue to cite increased travel bookings from their corp...
Back to Business (Travel)
STR | November 11, 2021
Undoubtably, leisure travel has created the most cause for celebration since recovery began from the global pandemic. However, to reach the next phase of performance recovery, the hotel industry needs business travel and groups to return in a big way. There have been early signs of that return in the U.S., and fortunately, the latest data for Europe indicates a similar return may be on the way. In-person conferences and events are slowly taking place across Europe as international restrictions continue to ease, such as the long-awaited end to the U.K. amber list on 4 October. In-person life is back, or is it? As in-person conf...
New Forecast Signals Long Road to Recovery for Business Travel
U.S. Travel Association | June 15, 2021
WASHINGTON — June 15, 2021 — Lingering COVID restrictions and a patchwork approach to reopening across the country will prevent the economically crucial business travel segment from recovering until at least 2024, according to a Tourism Economics analysis released Tuesday by the U.S. Travel Association. Travel overall is by far the U.S. industry hardest hit by the ongoing fallout of the COVID-19 pandemic. Spending on travel for large, in-person professional meetings and events (PMEs) declined by 76% last year—a $97 billion loss in spending. With vaccinations and infection rates in the U.S. trending favorably, restrictions low...
