Corporate travel to recoup 71% of pre-pandemic spending by end 2023

14-04-23

Corporate travel in the US and Europe will recover 71% of pre-pandemic spending volume by the end of 2023, while by 2024 or early 2025 it will reach 95% of 2019, according to the third edition of Deloitte's 'Navigating to the New Normal' report.

The study is based on a survey of 334 travel managers, executives with various titles and travel budget oversight, conducted from 7-23 February 2023, across the US, UK, Germany, Spain and France.

US respondents expect the cost share of international travel to rise from 21% in 2022 to 33% in 2023, while Europeans expect 32% of 2023 spending to be on international travel within the continent and 28% outside.