Business Travel to Face Headwinds, Government Must Address Visa Delays, Travel Disincentives to Protect Economy
U.S. Travel Association | October 17, 2022
WASHINGTON (October 17, 2022)—The latest Business Travel Tracker finds American companies increasingly paring back pandemic-era restrictions on business travel amid developing storm clouds in the form of persistently high inflation and a looming recession—pointing to the need for immediate government intervention to sustain a positive rate of growth. Many companies slashed their business travel budgets during the pandemic, but less than half of companies (42%) still have policies in place restricting business travel—down from 50% in Q2. Businesses have shown a willingness to get back on the road, with 78% of business travelers ex...
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