Worldwide business travel spending looks set to rise by more than a quarter this year and reach two thirds of pre-pandemic levels by 2022, according to the World Travel & Tourism Council (WTTC).
The forecast has been issued inside a new WTTC report in collaboration with McKinsey & Company called ‘Adapting to Endemic Covid-19: The Out-look for Business Travel’.
It draws on research, analysis and in-depth interviews with travel & tourism business leaders to enable organisations to prepare for corporate travel in the post-pandemic world.
“Business travel was disproportionately affected by Covid-19 and has been slower to resume,” confirmed the WTTC. “Given that business travel is vital for many sectors of the global economy, it is important that all stakeholders join forces to find solutions to aid its recovery.”
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