Travel Insider 🔵 Your updates today 🔵 Corporate travel’s return from its Covid-19-induced standstill will pick up speed throughout the remainder of 2021 but likely will remain significantly below pre-pandemic levels for at least another year, and some types of travel may never fully return, according to a new study from Deloitte.
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Corporate travel’s return
from its Covid-19-induced standstill will pick up speed throughout the remainder of 2021 but likely will remain significantly below pre-pandemic levels for at least another year, and some types of travel may never fully return, according to a new study from Deloitte.
The report was based on a survey of 150 U.S.-based travel managers and executives with travel budget oversight conducted from late May to mid-June, along with interviews with company executives whose 2019 air spend averaged $123 million.
Based on that research, Deloitte projects U.S business travel in the fourth quarter of this year to reach 25 to 35 percent of the level of the fourth quarter of 2019—a significant improvement from second-quarter 2021 spending, which totaled just 10 to 15 percent of 2019 volume. Deloitte attributed the projected recovery to the reopening of corporate offices, which is set to increase this fall, along with continued improvement in vaccination rates. The potential easing of border restrictions would lend additional steam for a faster recovery, while a significant outbreak in the U.S. or declining vaccination progress would hinder travel’s return, Deloitte said. Last week, the Centers for Disease Control and Prevention recommended that even people fully vaccinated against Covid-19 should wear masks while indoors in local areas with high transmission rates, due to data suggesting that even vaccinated people can transmit the now-dominant delta variant of the virus in some cases.
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