The long road to recovery in the business travel sector just got shorter. There have been some encouraging signs that business travel is rebounding to pre-Covid spending levels sooner than anticipated, according to the Global Business Travel Association . Business travel was essentially shut down during the Covid pandemic, with many predicting a slow slog to revive sales and a landscape that would be permanently changed.
" "Although volumes are still down an estimated 10% , a growing number of companies are requiring their employees to return to the office this fall which we believe will stimulate additional corporate travel," he wrote in a Sept. 8 note. On top of that, there will be a return of corporate earnings growth, with S & P 500 earnings projected to be up 8% in the December quarter, he added.