While many people have taken at least one post-pandemic leisure trip, business travel hasn’t been as quick to rebound. Here are some of the latest projections on when people will start traveling for businesses.
Pre-Pandemic Business Travel Levels
A U.S. Travel Association report estimates that households and businesses spent a total of $1.1 trillion on travel in 2019. Of the $1.1 trillion spendings, business travel was approximately $334.2 billion—that number shrunk by about 70% in 2020. Leisure travel was only down 27% last year, according to the association.
While travel companies were optimistic about a rebound in business travel early in 2021 after leisure travel bounced back so quickly,
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