Business travel recovery 2025

Business travel recovery 2025

The Global Business Travel Association (GBTA) says that a full recovery of the sector globally to pre-pandemic levels is expected by 2025.

However, the association’s latest BTI Outlook study also predicts a 21% increase in business travel this year over the dire 2020 results – with most of the gain expected to come at the end of 2021 as vaccinations increase globally and consumer confidence returns.

In 2022, the BTI Outlook forecasts further acceleration in business travel.

‘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,’ says Dave Hilfman, interim executive director of GBTA. ‘Economic recovery is already underway, although uneven across countries and sectors.’

The BTI Outlook is a study of business travel spending and growth covering 75 countries across 48 industries.‘The loss in global work hours during 2020 compared to the end of 2019 was equivalent to 400 million full-time jobs in the hotel, airline, airport, ground transportation, restaurant and other service provider segments,’ the report says.

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