LONDON, June 23, 2022 (GLOBE NEWSWIRE) — 2021 has proven to be a challenging year for international business travel. The sector has seen a drop in trips YoY from 2020. Early in the pandemic, many experts had predicted that international business trips would start to recover in 2021. However, business travel has proven to be a much more complex sector than leisure travel during this time. Leisure travel detractors often center around economic, environmental, and safety issues. However, business travel encompasses not only all these issues but also the added layers of corporate responsibility, budgeting, and the evolution of hybrid working. These factors have significantly slowed international business travel’s recovery in particular. As a result, it is not expected to recover until at least 2026. Domestic business travel, on the other hand, has fared slightly better. Many domestic travel restrictions were lifted in 2021, and there is a growing positive sentiment from workers about returning to the office.
The Business Travel Market Research Report 2022 offered by GlobalData Plc provides an analysis of the business travel industry including insights into business travelers, market trends influenced by COVID-19, consumer trends, destinations, sector deals, challenges and opportunities.
Business Travel Market Segmentation by Passenger Flows
- International Business Travel
- Domestic Business Travel
As offices have moved to a more hybrid style of working, by mixing…
