Study predicts rebound of business travel in 2023

Although business travel still lags behind pre-pandemic levels, a survey from the Global Business Travel Association expects to see a rebound in 2023, with 78% of travel managers anticipating that their companies will take more business trips in the new year and 85% of business-travel bookers estimating there will be more overall bookings. Domestic business travel is at 63% of levels seen before COVID-19, and international trips are at 50% of prior totals, the study found.