GBTA Survey: 2023 Travel Recovery to Reach Two-Thirds of 2019 ... - Business Travel News
A majority of travel buyers and suppliers alike expect higher levels of business travel in 2023 compared with 2022, according to a Global Business Travel Association survey of 637 travel industry professionals conducted earlier this month. More than three-quarters of travel managers and buyers, which represented 39 percent of total survey respondents, said their company would have more business travel this year than last year. Twenty-two percent of total buyer respondents indicated that increase would be "a lot more," according to GBTA. Only 7 percent of buyer respondents said travel volumes in 2023 would decrease year over year, and 15 percent said travel levels would remain the same. Among suppliers, which made up 37 percent of survey respondents, 86 percent said they expected their corporate customers' spending to be higher this year, with 26 percent saying the spending would be much higher. Nine percent said corporate business travel spending will be flat this yea