Corporate travel remains stubbornly sluggish

But businesses are splurging when it comes to group gatherings such as company training or team-building events and conventions

Jun 9, 2023

One of the more interesting quirks of the post-pandemic travel recovery has been that the group events that people were most afraid of during the depths of Covid have bounced back faster than other kinds of business trips.

Key takeaways

  • It turns out confabs are much harder to replace with Zoom calls than internal catch-ups or routine client visits, and the endurance of remote work has forced companies to be more deliberate about getting employees together;
  • Group bookings at Omni properties are expected to be meaningfully stronger this July and August than in 2022, even as business demand remains about 30% below pre-pandemic levels and the boom in leisure travel appears to be running out of steam domestically.

Get the full story at Bloomberg

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