One-Third of U.S. Businesses Engaging in Travel
According to the U.S. Travel Association, about 35% of U.S. businesses are currently engaged in any business-related travel. Additionally, a new projection from Tourism Economics shows business travel not recovering to 2019 levels of either spend or number of trips until 2024.
“The [Tourism Economics] analysis shows that business travel could be bleak if we don’t do something immediately,” U.S. Travel Association president and CEO Roger Dow said. “Business travel was such a powerful section of our travel and U.S. economy and a major driver of our total economy. … It contributed $791 billion to the economy in 2019 and was responsible for 5 million jobs. … We need to look at how we can get it going faster. … Domestic leisure travel is really doing well, but it’s the business travel, group and meetings and events that is so important.”
Read the full forecast here.
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