Business Travel recovery
Travel Leaders, U.S. Department of Commerce Conduct Roundtable on Business Travel Recovery
U.S. Travel Association | March 9, 2022
WASHINGTON — March 9, 2022 — The U.S. Travel Association today led a delegation of 11 travel industry leaders to the U.S. Department of Commerce for a discussion with U.S. Deputy Secretary of Commerce Don Graves focused on promoting safe business and professional travel in the wake of the COVID-19 pandemic and opportunities to help the travel and tourism sector fully and evenly recover. At the meeting, Graves voiced his support for the travel industry, saying the Commerce Department will bring “all tools to the table” to help overcome obstacles that remain to the normal resumption of business travel, both domestically and from abro...
Business Travel Recovery Keeps Gaining Traction
GBTA | February 28, 2022
There are positive indications that business travel continues to turn the corner on COVID-19, and especially over the past month, as concern from Omicron begins to wane and global travel restrictions loosen. Also on the rise are business travel volume expectations for the year ahead, as well as employees’ willingness to travel and to blend business travel with leisure time. Responding companies also expect to be heading back to the office, at least a few days a week, and many of them are facing headwinds in hiring and retaining qualified workers. This is according to data and insights from the February COVID-19 recovery poll, the latest...
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 Continues Slowed Recovery While Some Companies Consider New Travel Program Approaches
GBTA | September 23, 2021
Alexandria, VA – September 23, 2021 – Despite continuing to report an overall willingness and optimism for the return to business travel, business travel industry sentiment continues to waver, due to ongoing uncertainty around the Delta variant and other variants. However, indicators show companies and their corporate travel managers may be looking at new focus areas and ways of working for their business travel program. This is according to the latest poll from The Global Business Travel Association (GBTA), the world’s largest business travel association and worldwide leader in education, research, networking, and advocacy for the in...
