Following the global recovery from the COVID-19 pandemic, leisure travel rebounded more swiftly compared to business travel.
As remote work became the standard and many companies showed reluctance to send their employees on non-essential trips, business-related travel declined significantly in 2020 and 2021. The resurgence of the business travel sector began in 2022, but encountered a fresh obstacle. In the midst of an economic downturn, many companies opted for cost-cutting measures, leading to a renewed decline in travel activity.
According to a recent report from the Global Business Travel Association (GBTA), business travel will actually reach record levels in 2024. That’s two years earlier than the association had initially
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