News to Know

Why the Travel and Hospitality Industries Need Business Travel to Make a Comeback
(SOURCE: MARKETPLACE)

Business travel seems to be making a comeback. More people are flying to off-site meetings and events, for example. And now Intercontinental Hotels Group, the parent company of Holiday Inn, says its revenue from corporate bookings has returned to pre-pandemic levels.  

The industry is keen to see business travel get back to something resembling normal. 

A comeback could mean a lot to the travel and hospitality sectors. For one thing, business travelers tend to spend more than vacationers. 

Industry Spotlight

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Crisis24 Intelligence Brief

China - TS Nalgae tracking north-northwest across South China Sea early Nov. 2. Landfall over western Guangdong Province, China, early Nov. 3.

Eastern Europe and Central Asia - Disruptions due to winter weather likely across Eastern Europe, Central Asia through April 2023. Take precautions to minimize disruptions.

Senegal - Unionized primary-sector workers to stage 72-hour strike across Senegal from Nov. 2; related protests, transport disruptions possible.

Western, Central, and Southern Europe - Frequent disruptions due to winter weather likely across Scandinavia through April 2023. Take precautions to minimize disruptions.

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