The Global Business Travel Association said business travel spending rebounded by 5.5% to $697 billion in 2021 with North America leading the recovery, but remained well short of 2019 levels of $1.4 trillion.
Environmental sustainability considerations and the regional impact of the war in Ukraine are also weighing on travel demand, the forecast said. “The forecasted result is we’ll get close, but we won’t reach and exceed 2019’s pre-pandemic levels until 2026.”
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