The Global Business Travel Association (GBTA) says the financial impact of global travel decline is expected to be 10 times worse than the Great Recession and 9/11. A 21% increase in business travel spending is projected in 2021, mostly at the end of the year.
Domestic Business Travel Trending Positive, International Lags
A GBTA survey found that member companies worldwide report an emerging willingness to permit employees to engage in domestic business travel, though members continue to report virtually no willingness for employees to travel internationally.