Looking for a light at the end of the tunnel, the business travel industry is looking for a deadline to cling to in order to see a return to pre-crisis travel volumes. The study published on Tuesday by the BTS (Business Travel Show) may provide some answers. All in all, 139 travel buyers were surveyed internationally in March. And half of them (52%) estimate that 100% of travel volumes could have made a comeback by the end of 2024. In detail, some buyers (8%) are resolutely optimistic, looking forward to a return to business travel...
Looking for a light at the end of the tunnel, the business travel industry is looking for a deadline to cling to in order to see a return to pre-crisis travel volumes. The study published on Tuesday by the BTS (Business Travel Show) may provide some answers. All in all, 139 travel buyers were surveyed internationally in March. And half of them (52%) estimate that 100% of travel volumes could have made a comeback by the end of 2024. In detail, some buyers (8%) are resolutely optimistic, expecting business travel to make a comeback this year, 14% in 2023, and finally 30% in 2024. By way of comparison, in a previous survey conducted in September 2021, only 3% of travel managers were banking on 2022, and 11% on 2024. It should be noted that, without returning to pre-crisis levels, almost half of buyers (48 %) believe that In 2022, up to 59 % of these volumes will be sold..
The study published by BTS also confirms the trend pointed out a few days earlier by CWT: the weight of restrictions and formalities which still govern international travel. This is the main reason for reducing business travel for a third of travel buyers (34%), twice as much as the need to reduce costs (17%). Business travellers' reluctance to return to the airport plays only a minor role (4%). It should be noted that the use of videoconferencing (12%), the sustainable development (13%) and duty of care (15%) are the other obstacles cited by travel buyers.
