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Global business travel to grow 21pc in 2021, trade group forecasts | Malay Mail

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NEW YORK, Feb 2 — Business travel spending is forecast to grow 21 per cent this year worldwide, helped by the rollout of Covid-19 vaccines, but will not recover to pre-pandemic levels until the middle of the decade, a business travel association said today. Spending on business travel is...

Tuesday, 02 Feb 2021 09:55 PM MYT

Spending on business travel is projected to rise to US$842 billion in 2021, according to the Global Business Travel Association’s BTI Outlook, after dropping 52 per cent in 2020 to US$694 billion due to the pandemic. “The continued rollout of the vaccine will be central to recovery globally, as will decisions the new Biden Administration makes regarding global trade and border and quarantine policies,” said Dave Hilfman, GBTA’s interim executive director in a statement.

 

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