New report from WTTC reveals, corporate travel in the Middle East and Asia Pacific set to lead the way with fastest recovery Worldwide business travel spending looks set to rise by more than a quarter this year and reach two thirds of pre-pandemic levels by 2022, according to the World Travel & Tourism Council (WTTC). The forecast comes in a major new WTTC report in collaboration with McKinsey & Company called ‘Adapting to Endemic Covid-19: The Outlook for Business Travel’. It draws on research, analysis and in-depth interviews with Travel & Tourism business leaders to enable organisations to prepare for corporate travel in the post-pandemic world. Business travel was disproportionately affected by COVID-19 and has been slower to resume. Given that business tra...
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Private aviation companies are making a beeline for executives wary of flying commercial to business meetings due to a limited offering of direct flights, as corporate travel eases back this fall after a pandemic-induced slump. Private air traffic has rebounded above 2019 levels, helped by wealthy leisure travelers avoiding commercial earlier in the pandemic to avoid contracting the virus or due to fewer direct flights. FILE PHOTO: An interior view of Bombardier's Global 7500, the first business jet to have a queen-sized bed and hot shower, is shown during a media tour in Montreal, Quebec, Canada. REUTERS/Christinne Muschi Now, some charter companies are trying to extend that advantage to corporate travel, with scheduled flights to some business hubs still below 2019 levels despi...
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