Google’s Crackdown On Employee Trips Is Another Blow To Business Travel Recovery

On an earnings call in late July, Southwest Airlines’ chief commercial officer, Andrew Watterson, said that while business travel began picking up this spring, it skewed toward smaller businesses, government and education.

“Our largest corporates are the ones that are lagging — particularly banking, consulting and technology — who previously were among our top-tier travelers now are on the lower side,” he said, adding that Southwest’s biggest corporate accounts all have employees traveling, but not as many, and not as often.

The report found that total spending on global business travel reached $697 billion in 2021, just 5.5% above the pandemic-low of 2020. The GBTA predicts spending in 2022 to reach $933 billion, 34% above last year’s levels but only 65% of pre-pandemic levels. “The factors impacting many industries around the world are also anticipated to impact global business travel recovery into 2025. The forecasted result is we’ll get close, but we won’t reach and exceed 2019’s pre-pandemic levels until 2026,” said Suzanne Neufang, CEO of the GBTA.

Canada Canada Latest News, Canada Canada Headlines

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

Southwest forecasts a slower recovery in business travelSouthwest Airlines said Thursday that corporate travel is recovering more slowly than the airline had expected, although that is offset by continuing strong demand from leisure travelers even after the end of the traditional summer vacation season.
Source: chicagotribune - 🏆 8. / 91 Read more »

How I Am Reducing the Stress of Returning to Business TravelSocial anxiety. Covid worries. Family separation. There are ways to deal with the anxiety of business travel now that people are returning to work. If yes, they are not capable to make any clear decisions. If not they should be in asylum. Made up problems. People need to grow up. I smoke a shit load of weed and it has helped my social anxiety.
Source: WSJ - 🏆 98. / 63 Read more »