International business travel recovery has reached the halfway mark as economic concerns now overshadow Covid-19 as the key obstacle to business travel, according to a Global Business Travel Association poll of 594 member travel buyers and suppliers.
Travel managers in the survey on average said their domestic business travel volumes have reached 63 percent of their 2019 levels, and international travel reached an average of 50 percent of 2019 levels. About a quarter of buyers surveyed said international travel has surpassed 70 percent of pre-Covid-19 volumes. A solid majority said their company now allows non-essential business travel, 86 percent for domestic and 74 percent for international.
“We continue to see progress as business travel makes its way back to being a $1.4 trillion global industry, pre-pandemic,” GBTA CEO Suzanne Neufang said in a statement. “It is also important to understand the context of global business travel’s recovery. Asia is still opening its borders,…
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