Europe: Business travel set for 75% recovery in 2022
Advantage, the second largest TMC network in Europe, foresees bookings this year would be up by 83% on 2021, and 25% lower than in 2019
The figures were revealed in Advantage’s latest Global Business Travel Review 3.0 report, which has been compiled in collaboration with data specialist Travelogix.
Key takeaways
- Average transaction value was up by 12.4 per cent this year to £333.32 compared to the last pre-pandemic year when it was £296.50;
- Average duration rising to 6.7 days compared with just 4.6 days in 2022;
- More normalization in booking horizons with the average lead time between booking and travelling up to 21.1 days in 2022.
Get the full story at BTN