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

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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.

 

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