Inflation, labor shortages to delay recovery in business travel spending -industry forecast - BusinessWorld Online

  • 📰 bworldph
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

A recovery in global business travel spending to pre-pandemic levels is likely to be delayed by 18 months to 2026 because of factors like persistent inflation, high energy prices, labor shortages and lockdowns in China, a new industry forecast shows. READ

, but remained well short of 2019 levels of $1.4 trillion.issued a year ago, when it expected a full rebound to 2019 levels by 2024. Environmental sustainability considerations and the regional impact of the war in Ukraine are also weighing on.

, but remained well short of 2019 levels of $1.4 trillion.issued a year ago, when it expected a full rebound to 2019 levels by 2024. Environmental sustainability considerations and the regional impact of the war in Ukraine are also weighing on
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chelsea losses shrink as business segments’ revenues grow - BusinessWorld OnlineCHELSEA Logistics Infrastructure Holdings Corp. managed to trim its attributable net loss for the second quarter of the year to P587.63 million from P727.09 million previously, as revenues improved amid increased economic activities. READ
Source: bworldph - 🏆 9. / 68 Read more »

The best time to borrow money for your business is now - BusinessWorld OnlineApplying for a business loan is not the best experience for most Filipino small-to-medium enterprises (SMEs). Many SMEs complain about the lengthy application process, numerous documentary requirements, and narrowing likelihood of actually getting funding approval.
Source: bworldph - 🏆 9. / 68 Read more »

Global business travel won’t see full recovery until 2026: reportInflation, supply chain problems and ongoing Covid-19 lockdowns in China are among the factors conspiring to delay a full recovery in business travel to its pre-pandemic level, according to an indu…
Source: EdgeDavao - 🏆 23. / 51 Read more »