Small and medium companies boost business travel rebound in 2023

Booking activity by SMEs hit 80% of 2019 levels during Q3 2022, 19% above multinational corporations

Jan 19, 2023

SME executives were some of the first business travelers back on planes after the pandemic-induced slump. They have since emerged as the fastest-growing segment within corporate travel according to Amex GBT.

  • The recovery by SMEs has far outpaced the recovery by the multinationals;
  • Spending on business travel globally is expected to recover to 80% of 2019 levels in 2023, up from 65% in 2022;
  • North America is expected to experience the sharpest rebound with compound annual growth increases of 23.4%.

Get the full story at Reuters

Related must-reads


Get our Daily Brief in your inbox

Consumers are changing the face of hospitality - from online shopping to personalized guest journeys and digitalized guest experiences ...
we've got you covered.

By submitting this form, you agree to receive email communication from and its partners.