What is really happening with business travel?

25-12-22

Messages about the recovery of the business travel segment have been mixed. Since the onset of the COVID-19 pandemic, some of the industry's leading voices have claimed that business travel will never fully recover due to changes in work habits, such as telecommuting and digital nomadism, corporate cost-cutting and increasing awareness of environmental issues.

In fact, international business travel has recovered at a slower pace than leisure tourism. At least until the fourth quarter of 2022. From October onwards, business travel starts to outpace leisure travel. 

While the latter's recovery is slowing as a result of factors such as inflation, the recovery of business travel - a less price-sensitive segment - is gaining momentum.