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Small and medium companies to boost business travel rebound in 2023

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Corporate travel is critical for airlines because it means more frequent flyers and appetite for higher-margin premium fares.

recently said it had its highest days for corporate bookings since the start of the pandemic, with corporate domestic sales recovering to 80% of 2019 levels.

“The recovery by SMEs has far outpaced the recovery by the multinationals,” said Jeremy Quek, a consultant at Amex GBT. North America is expected to experience the sharpest rebound with compound annual growth increases of 23.4% to $363.7 billion by 2026, the GBTA said.

 

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