Deloitte: Business Travel Begins to Take Off, But Full Recovery Experiences Further Delays

Deloitte | April 11, 2023

Corporate travel spend will likely be smaller than pre-pandemic as U.S. and European companies weigh ROI and sustainability goals amid ongoing flexible work arrangements and increased use of technology NEW YORK, April 11, 2023  -- Key takeaways •  Corporate travel spend in the U.S. and Europe is projected to surpass half of 2019 levels in the first half of 2023 and rise to two-thirds by the end of the year. Full recovery following the pandemic appears likely by late 2024 or early 2025. •  Live events are set to comprise a significant share of corporate travel, advancing from the fifth biggest driver of increased spend in 20...