Increased business travel and spending anticipated in 2023
Travel buyers believe domestic business travel bookings have recovered to 67% of pre-pandemic bookings, according to a new GBTA report
The latest Global Business Travel Association (GBTA) poll also reveals that spending is at 68% of pre-COVID levels, while for international business travel, bookings have recovered to 54% of 2019 levels and spending is at 58%.
Key takeaways
- Travel managers anticipate more business travel in 2023 compared with last year;
- The poll reveals 78% expect more trips while only 15% expect the same levels of business travel as 2022 and 7% expect fewer trips;
- The research shows companies are also expected to spend more on business travel with 86% of travel suppliers anticipating higher spending.
Get the full story at PhocusWire and GBTA