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A stable global economy has driven growth which, along with pent-up demand, has reassured company leaders to get their people back on the road for business meetings.
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The Global Business Travel Association survey of travel buyers shows 60% plan more travel activity in 2024 and two-thirds expect their companies to increase travel spend.
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According to a GBTA report, 74% of travel managers expect most types of business travel will reach pre-pandemic levels by the end of 2023.
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Businesses have shown a willingness to get back on the road, but business travel’s growth is expected to decline due to high inflation and a looming recession.
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