Nearly two years have passed since STR published its first business travel recovery blog under the headline, “Waiting for Business Travel to Return.” Now 11 months into 2022, the wait for that return has been over for some time although further gains are needed to reach pre-pandemic levels. According to consumers, those gains are on the way with combination business/leisure trips representing the biggest increase.
The current state
A key barometer of business travel, weekday hotel occupancy (Monday-Wednesday) has improved in the post-summer months with September and October producing levels just four percent below the 2019 comparables.
The latest U.S.