Everyone wants to know when business travel spending will recover to pre-pandemic levels. Signs are it’ll be 2026, though some markets may recover faster, such as India, Britain, the U.S., and Australia.
The latest signals suggest that business travelers are getting back on the road in significant numbers, although a full recovery keeps getting postponed.
“We are now experiencing a major uplift since February 2023,” said Tass Messinis, a strategic advisor at Australia-based travel platform Locomote.
Messinis said that as economies recover, businesses will feel more confident investing in travel spending for meetings, conferences, and events.
“As companies reassess their business travel requirements post-pandemic, we are seeing a resurgence in ‘DIY’ corporate travel departments in the U.S. and Australia,”…