Corporate travel spend will likely be smaller than pre-pandemic as U.S. and European companies weigh ROI and sustainability goals amid ongoing flexible work arrangements and increased use of technology
New report from GBTA and Spotnana reveals travel manager sentiment on post-pandemic recovery, changing priorities, economic risks, and balancing cost savings and the traveler experience.
With changes in the way we work and the way we travel, both travel management companies (TMCs) and corporations are continuing to make significant investments as they work to meet the evolving needs of their business travelers.
Travel data firm, ForwardKeys, latest air ticketing data reflects a better year for travel retailers and airports as post-covid consumer preferences swing in a more premium direction.
Europe makes up lost ground and is anticipated to be the fastest growing business travel market in 2023
Hoteliers expected demand from business travelers to continue to increase in the fourth quarter and early 2023, but now some corporations are tightening budgets for employee travel.
As business travel continues to recover from the pandemic, travelers are noticing changes - which although may not be new in 2022 - many expected immediate post-pandemic changes to be more temporary. Now it seems many practices could well be something more permanent in the hotel industry in place for at least the next few years.
The global pandemic has changed most of us, but for business travelers, there seem to be more anxious feelings. And understandably so. As we transition from Zoom and Microsoft Teams calls to in-person visits with clients we have not seen in almost three years, or never actually met in person, there is a combination of excitement and dread.
Q3 Business Travel Tracker finds companies rolling back pandemic travel restrictions as economy navigates recession fears
Experts on the Lodging Industry Investment Council said there are signs of life in corporate travel, but it's more likely to come from small companies than larger ones.