Business travel leaders hail ‘significant rebound’
UK corporate travel leaders have hailed a strong recovery in the sector with a majority reporting business ahead of 2019 levels
However, assertions that corporate travel has rebounded to pre-pandemic levels do not align with the reports from major network carriers, which indicate that business travel volumes are still notably lower than those seen in 2019.
Key takeaways
- Unmanaged travel is still down from 2019, while demand in managed travel remains strong, especially driven by SMEs;
- British Airways' parent company, IAG, and the Lufthansa Group report corporate bookings 30%-40% lower than 2019;
- US carriers also report business travel bookings at about 75% of 2019 levels.
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