New International Border Openings Set to Accelerate Lift in Business Travel
The latest GBTA poll reports increased industry optimism, a rise in business travel bookings, support for vaccine programs and an eagerness to get back to traveling for work.
Optimistic signs of return and tangible recovery in the business travel sector could be seen over the past month. In the latest poll from The Global Business Travel Association (GBTA), half (52%) of industry respondents reported more optimism compared to September. October also saw an increase to 66% of those polled who said their companies are allowing non-essential domestic business travel and, in a high for the year, 42% international travel, while more than half of suppliers (55%) say their bookings from corporate customers increased from last month.
Three in four (74%) indicated support for the opening of U.S. borders (now slated for November 8) with the required protocols, with seven in 10 expecting an increase in international business travel over the next six months as a result. GBTA members and stakeholders strongly agree that reduced infection rates and increased vaccinations will accelerate business travel at their company, with 59% indicating increased vaccination rates around the world would be a top driver.
Read the full GBTA report here.