Business travel spending recovers in all regions but Asia and Europe

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Latin America Новости

Business Travel,Spending,North America

Global business travel spending in 2023 recovered to pre-pandemic levels in North America, Latin America, the Middle East and Africa as companies resumed in-...

NEW YORK - Global business travel spending in 2023 recovered to pre-pandemic levels in North America, Latin America, the Middle East and Africa as companies resumed in-person gatherings and conferences, according to report released Monday by an industry association.

The association predicts that spending will reach $1.48 trillion by the end of 2024, surpassing the pre-pandemic record of $1.43 trillion. However, the region still lagged a full recovery as business travel spending in China increased 9% year-over-year, but still trails behind pre-pandemic levels.

 

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