Despite high costs, the demand for business travel is evident from companies around the world as we move on from the pandemic and recognise the importance of interacting and building relationships in-person. The data from out latest Global Business Travel Review showed that transaction volumes in 2023 year-to-date were just 4.7% away from those we saw in 2019 as the corporate travel industry continues its recovery and behaviour metrics like advanced purchase and trip duration are sitting at record highs for 2023; 33.1 days and 7.9 days, respectively. Summer has traditionally been a quieter period for travel as staff head on personal holidays before picking up again later in the year, however, this year transaction volumes have remained strong throughout these months, further emphasising the current pent-up demand for corporate travel.”
In-Person Relationships Vital to Business – Advantage
Following the announcement that core inflation dropped to 6.2% with falls in both hotel and air fare costs, The Advantage Travel Partnership says we must "recognise the importance of interacting and building relationships in-person"
21 September 2023
Following the announcement that core inflation dropped to 6.2% with falls in both hotel and air fare costs, The Advantage Travel Partnership says we must “recognise the importance of interacting and building relationships in-person”.
Guy Snelgar, Global Business Trave
