Corporate travel policies undergo a major revamp

Booking levels and corporate travel spending continue to return.

Business travel is surging forward. Corporate travel policies are undergoing a revamp and employees are broadly willing to travel for business, according to the April Business Travel Recovery Poll conducted by Global Business Travel Association (GBTA).

Corporate travel managers recognize sustainability will impact their travel program.
Corporate travel managers recognize sustainability will impact their travel program.

Most compelling findings

Increase in spend:

Many companies are increasing their business travel spend in the wake of inflation. Forty-one percent report they have increased employee travel spending for air travel, 34% for hotel stays, 33% for car rentals and 26% for ride share and taxis.  

Rise of international travel:

Companies who report they at least sometimes allow non-essential domestic business travel has increased to 86%, up from 73% in February poll.

Less cancelling, more travelling:

Companies continue to resume international business travel, with only 45% saying they have cancelled or suspended most or all international business trips. Of the companies who previously cancelled or suspended most or all trips to a specific region/country, 75% plan to resume domestic travel and 52% international travel in the next one to three months.

Corporate travel bookings return:

A majority (88%) of suppliers and travel management companies (TMCs) report their bookings have increased in the prior month. On average, travel buyers say their company’s travel bookings are currently at 56% of the pre-pandemic level.

Masks on planes:

Global sentiment around mask mandates on commercial airplanes varies. Two in five GBTA stakeholders (41%) say governments should require passengers to wear masks on airplanes, while a third (32%) feel each airline should be allowed to decide if passengers are required to wear masks. One in five (20%) feel governments should prohibit mask mandates (i.e., allow passengers to fly on any airline without masks).   

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