GBTA: Business travel optimism continues upswing

New research points to continued industry recovery, easing of staffing constraints, and mixed outlook on China travel

Feb 1, 2023

Global business travel is forecast to see an uptick in 2023 versus 2022, with sectors such as finance, insurance, professional services, and consulting showing stronger signs of growth in business travel spending.

Key takeaways

  • Business leaders may anticipate a recession this year, but travel managers are anticipating more business travel;
  • Travel buyers estimate their companies’ current domestic business travel bookings have returned to 67% of pre-pandemic 2019 levels;
  • According to travel buyers the top areas for business travel spending in 2023 are sales/account management meetings with customers or prospects.

Get the full story at GBTA

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