What will business travel look like in 2022?
People will travel for business again, but in a different way than before the pandemic.
Digitizing processes will be one of the keys to restarting business travel in 2022. The digital transition path has accelerated dramatically over the past two years to adapt to the changes taking place, from remote working to the widespread use of new technologies to manage communications, meetings and payments.
According to Statista, the business travel market lost $810.7 million globally in 2020: two-thirds of the world’s planes were grounded and 18 airlines were forced into bankruptcy, while travel managers reported travel expenses down 5-15% from 2019 levels (McKinsey data).
Business travel is indispensable to the recovery of tourism: before the pandemic, in fact, this sector was responsible for 70% of global earnings for high-end hotels, as well as between 55% and 70% of airline profits.
According to the World Travel & Tourism Council, in 2022 business travel expenditure is expected to grow by an average of 34%, with the greatest growth in Asia-Pacific (41%), America (35%) and the Middle East (32%), followed by Europe (28%) and Africa (23%).
More information can be found in Guida Viaggi.
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