Will Business Travel Ever See 2019 Levels Again?

Corporate travel isn’t what it used to be, and we don’t mean frequent flier status.

Signals are mixed from the economic control tower. CNBC reported Wednesday (Nov. 17) that “Global business travel spending fell 54% to $661 billion in 2020 from $1.4 trillion 2019” as offices emptied and work from home was normalized for tens of millions in the U.S. alone.

Also on Wednesday, the Global Business Travel Association (GBTA) issued guidance in its latest business travel index, the BTI Outlook, stating that “Business travel recovery in 2021 proceeded at a slower, more cautionary pace than expected from a year