A new study by Deloitte is predicting a return to pre-pandemic levels of corporate travel spending by 2024 or 2025, but with lower travel volumes. The revenues will be made up by increased air fares and room rates, it predicts.
The report says that recovery is progressing in both the U.S. and Europe, though the U.S. is further ahead. The study was carried out 07FEB-23FEB and includes responses from 334 corporate travel managers.
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