Global Business Travel Spending is Coming Back, but Recent Headwinds Push Anticipated Full Recovery Into 2025 and 2026
Inflation, energy prices, supply chain challenges, labor shortages, and regional developments add 18 months to industry recovery forecast, according to the 2022 GBTA Business Travel Index™ The global business travel industry continues its progress towards full recovery to 2019 pre-pandemic spending levels of USD $1.4 trillion, but recovery has hit some headwinds. Just as many…