Europe: Business travel set for 75% recovery in 2022

Advantage, the second largest TMC network in Europe, foresees bookings this year would be up by 83% on 2021, and 25% lower than in 2019

Nov 25, 2022

The figures were revealed in Advantage’s latest Global Business Travel Review 3.0 report, which has been compiled in collaboration with data specialist Travelogix.

Key takeaways

  • Average transaction value was up by 12.4 per cent this year to £333.32 compared to the last pre-pandemic year when it was £296.50;
  • Average duration rising to 6.7 days compared with just 4.6 days in 2022;
  • More normalization in booking horizons with the average lead time between booking and travelling up to 21.1 days in 2022.

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