An annual report by the Global Business Travel Association (GBTA) analyzing the business travel sector predicts business travel will rise toward the end of the year and will fully recover by 2025.
“The pandemic has been devastating for business travel and it’s clear our industry will take some time to recover given the challenges we’re facing on multiple fronts,” Dave Hilfman, interim executive director of GBTA, said in a Tuesday (Feb. 2) news release. “Economic recovery is already underway, although very uneven across countries and sectors.”
Hilfman added that vaccines are the central key to the industry’s global recovery. Another factor will be changes made under the Biden…