04/28/2022

Reshaping the Business Landscape

Business travel in 2022 and beyond

Travel is back—so say news stories and corporate earnings calls since the summer of 2021. There are caveats though, and they represent a large share of industry revenue. International travel still awaits an improved pandemic situation and less daunting border restrictions. Corporate travel remains below 50 percent of prepandemic spend and faces a more complex prognosis than leisure travel.

COVID-19 is still with us, and eradication seems unlikely. But officials and large organizations are moving away from some restrictions and requirements implemented earlier in the crisis. Hawaii ended its mask mandate on March 26, the final state to do so. Public school systems around the United States have also moved away from requiring masking.¹

This spring and summer, many large companies will implement the return-to-office plans they delayed in the fall of 2021. An uptick in travel will likely accompany this shift to more office-based work.

Please select this link to read the complete article from Deloitte.