News Formal

Business travel spending is recovering quicker than expected. These are the stocks to buy right now

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Global business travel spending will surpass pre-Covid levels in 2024, two years earlier than originally forecast, per the Global Business Travel Association.

The long road to recovery in the business travel sector just got shorter. There have been some encouraging signs that business travel is rebounding to pre-Covid spending levels sooner than anticipated, according to the Global Business Travel Association . Business travel was essentially shut down during the Covid pandemic, with many predicting a slow slog to revive sales and a landscape that would be permanently changed.

" "Although volumes are still down an estimated 10% , a growing number of companies are requiring their employees to return to the office this fall which we believe will stimulate additional corporate travel," he wrote in a Sept. 8 note. On top of that, there will be a return of corporate earnings growth, with S & P 500 earnings projected to be up 8% in the December quarter, he added.

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:

 /  🏆 12. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

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

'War Is Good for Business,' Declares Executive at London's Global Arms Fair'Deals done at DSEI will cause misery across the world, causing global instability, and devastate people's lives,' one peace activist lamented.
Source: commondreams - 🏆 530. / 51 Read more »

SAP BrandVoice: The Global Impact Of China’s Golden Week: Is Your Business Ready?Let’s take a closer look at how businesses can best navigate the global impact of China's Golden Week holiday.
Source: ForbesTech - 🏆 318. / 59 Read more »

Business Highlights: Fed poised to leave rates unchanged; Auto workers threaten to escalate strikeBusiness Highlights: A summary of the day’s top stories in the business world.
Source: AP - 🏆 728. / 51 Read more »

Business Highlights: The UAW prepares to expand its strike, Sam Bankman-Fried’s parents are suedBusiness Highlights: A summary of the day’s top stories in the business world.
Source: AP - 🏆 728. / 51 Read more »

Electric Vehicles Could Enjoy Up To 86% Global Market Share By 2030: ReportWith falling battery prices and price parity in sight, EVs could constitute two-thirds of new vehicles sold by 2030.
Source: InsideEVs - 🏆 579. / 51 Read more »