Business travel bookings for fall signal a ‘blockbuster season’ for airlines

The average number of daily trips booked per company also has climbed, with the volume at large corporations rising 24% versus 2019, or an average 3,300 additional bookings a year. Team travel increased 73% in August from July.

Executives are also mixing business and leisure travel more. Since the onset of the pandemic, TripActions has seen a marked shift in business trips that include a weekend. In 2019, 31% of business trips included a weekend. Now, that share has grown to 35%. Planned business trips within the European Union rose 24% in August from July, and fares within Europe dropped 47% to $259 at the end of August from $382. The average price during August was $10 less than the same month in 2019, according to TripActions.

Domestic round-trip fares at Thanksgiving will average $350. That’s 22% higher than in 2019 and up 43% from 2021, according to Hopper. Prices for domestic Christmas trips are averaging $463 round trip, 31% above 2019 and 39% higher than last year. International fares for the December holiday have risen to $1,300, up about 68% from 2021, when the omicron coronavirus variant suppressed travel demand, Hopper said.

Sounds like a ‘blockbuster season’ for delays.

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