Business travel spending recovers in all regions but Asia and Europe

GLOBAL-BUSINESS/TRAVEL-RECOVERY (PIX)Business travel spending recovers in all regions but Asia and Europe. Global business travel spending as a whole in 2023 increased 30per cent to USD 1.34 trillion from the previous year, but it was still about 7 per cent below pre-pandemic levels, according to the report. “We are now expecting to see continued solid spend growth in business travel, but at a more normal, moderate level as the world economies return to a more traditional cycle,” said Suzanne Neufang, the association’s chief executive officer.Read More