Business travel set for 75 per cent recovery in 2022

The corporate travel industry is forecast to recover to 75 per cent of pre-Covid transactions by the end of 2022, according to the latest update from Advantage Travel Partnership.

London-based Advantage, which is the second largest TMC network in Europe, said that its forecasts showed that bookings this year would be up by 83 per cent on 2021, although still 25 per cent lower than in 2019.

The figures were revealed in Advantage’s latest Global Business Travel Review 3.0 report, which has been compiled in collaboration with data specialist Travelogix.

The report also showed that average transaction value was up