BCD Travel Reveals the Top Destinations of 2023 for U.S. Business Travelers
According to a new report released today by the American Hotel & Lodging Association and Kalibri Labs, U.S. hotel business travel revenue is projected to be 23% below pre-pandemic levels in 2022, ending the year down more than $20 billion compared to 2019. This comes after hotels lost an estimated $108 billion in business travel revenue during 2020 and 2021 combined.
Top Project-Based Markets Include LA, NYC, Las Vegas, Chicago and San Francisco
Limited Positive Growth, Short-Term Turbulence is Affecting the Whole Industry - Brighter Outlook for 2017 Forecast
U.S. business travel will continue to grow at stable and steady rates over the next two years, despite significant headwinds from Asia Pacific, Latin America and the Middle East.
GBTA Forecast Anticipates Nearly 7% Year-Over-Year Rise in Spending, Indicating Confidence in U.S. Economic Recovery