Corporate travel in Spain continues ‘dynamic’ recovery
Corporate travel in Spain is continuing to make up for lost ground in 2023 with the number of trips in the first quarter back to 87% of pre-Covid levels
The latest update from the GEBTA Business Travel Observatory, which is based on data covering more than 80% of Spain’s managed business trips, found that the rebound in trips has steadily increased in recent quarters after being at just 60% of 2019 levels in the fourth quarter of 2021.
Key takeaways
- Spending on business travel in Spain is now at the same level as 2019 or “even slightly higher” due to the increase in travel prices;
- Although the number of trips is still below 2019 figures, Q1 data is extremely positive and confirms market dynamism without exceptions among all types of companies;
- Spain’s recovery has been primarily led by the SME market, where the number of trips in the first quarter of 2023 reached 95 per cent of 2019’s figures.
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