Corporate Travel’s Full Recovery Still Pegged to 2025 Despite Vaccines, Trade Group Warns
Photo Credit: Global spending on business travel is expected to show a 52 percent decrease to $694 billion in 2020, down from $1.4 trillion in 2019. Unsplash / Govind Krishnan
Skift Take
Grim projections from the usually optimistic Global Business Travel Association, but a lot can happen in four years.
An industry group has predicted it will take four years until global business travel activity returns to pre-pandemic levels.
The bleak projection is being made by the Global Business Travel Association, despite the progress with global vaccination programs.
Skift in its coverage has forecast 2025 as a pivotal year for full recovery across sectors of travel, as highlighted in our recent megatrends report.
In GBTA's annual Business Travel Index Outlook, which studies business travel spending and growth covering 75 countries across 48 industries, the U.S.-based association said while the distribution of vaccines represe
