GBTA’s annual Business Travel Index has pegged 2025 as the
year global business travel volume would surpass its $1.4 million peak from
2019, after being felled by the Covid-19 pandemic in 2020, which the study
estimates reduced global business volume by 51.5 percent versus the prior year.
That’s 10 times worse than businesses travel losses that followed 9/11 or Great
Recession in 2008. GBTA partnered with Rockport Analytics to produce the
report.
GBTA research director Chris Ely said 2021 will continue to be
“a year of survival” for the business travel industry, but recovery
toward the back half of the year should deliver a significant boost. The study
projected 21 percent growth in global business travel volumes in 2021, followed
by…