In this business travel forecast, you can read all about the direction the industry is moving in. We’ve also included some business travel statistics so you can make data-driven decisions in your company’s business practices.
The business travel industry experienced a decline of 52% during the early months of the COVID-19 pandemic, but with the recent rollout of vaccines, business travel spending is expected to rise to $842 billion in 2021, which accounts for a 21% increase (Reuters, 2021). The majority of businesses have even reported that they are considering resuming their corporate travel plans for 2021, although there are no definite plans yet (GBTA, 2021).
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