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Inflation, labor shortages to delay recovery in business travel spending -industry forecast - BusinessWorld Online

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A recovery in global business travel spending to pre-pandemic levels is likely to be delayed by 18 months to 2026 because of factors like persistent inflation, high energy prices, labor shortages and lockdowns in China, a new industry forecast shows. READ

, but remained well short of 2019 levels of $1.4 trillion.issued a year ago, when it expected a full rebound to 2019 levels by 2024. Environmental sustainability considerations and the regional impact of the war in Ukraine are also weighing on.

, but remained well short of 2019 levels of $1.4 trillion.issued a year ago, when it expected a full rebound to 2019 levels by 2024. Environmental sustainability considerations and the regional impact of the war in Ukraine are also weighing on
 

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Global business travel won’t see full recovery until 2026: reportInflation, supply chain problems and ongoing Covid-19 lockdowns in China are among the factors conspiring to delay a full recovery in business travel to its pre-pandemic level, according to an indu…
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