US business travel is back but it looks different
Companies are avoiding long-haul international business travel and instead prioritizing U.S. travel
Business travel has returned to the United States, hotel executives said at an industry conference in New York this week, as companies of all sizes book more travel and at higher prices than before the pandemic.
Key takeaways
- Small and midsize companies have led the recovery in recent years, but large corporate bookings are also on the rise;
- SMBs are generating more repeat business as they prioritize meeting more often and closer to home;
- The business travel recovery is also fueling a recovery in group business travel, and at higher prices.
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