The Business Travel Association (BTA) today revealed the strongest recovery in business travel since March 2020 compared to the same week in 2019.
Data from Travelogix shows that traveler confidence has returned, as evidenced by a 403.13% increase in new business travel bookings compared to the same week in 2021.
Weekly domestic business travel saw particularly strong levels of recovery, with departures up 67.79% compared to the same week in 2019.
Clive Wratten, CEO of BTA said: “It is encouraging to see business traveler confidence returning once and for all as we begin to live with Covid. We now need to focus on how we move forward sustainably in a post-Covid world. Covid.
Data shows that despite a 291.54% increase in departures compared to the same week in 2021, there has been an overall increase £2.72bn GDP loss associated with domestic and international travel* compared to the same week in 2019.
Data shows that in the fourth week of February, lower levels of business travel to:
- Republic of Ireland having cost UK GDP £719 million
- Germany having cost UK GDP £493 million
- France having cost UK GDP £338 million
- United States having cost UK GDP £210 millionand
- Spain having cost UK GDP £164 million this week.
The data also shows a notable reduction in active Covid cases per 100,000 population in 10 of the 11 countries tracked by the Business Travel Tracker.
The Thirty-Third Edition of BTA’s Business Travel Tracker can be found here.
*Data from leading travel data provider Travelogix shows that this decline in business travel to ten key international destinations has cost UK GDP £2.29bn and an additional £420.87m to business travel national affairs, a total loss of £2.41 billion to UK GDP. the fourth week of February 2022.
Travelogix is a leader in travel data, reporting and analytics. Founded in 2011 by Chris Lewis and Gary Jones, Travelogix empowers TMCs around the world with the accurate, accessible, real-time data that drives success. Travelogix is the standard in travel data analytics and continues to design and innovate its solutions to meet industry demands.
About the BTA
The BTA is the authority on business travel. Work collaboratively across industry and with government to promote the integral role of business travel and events in the broader economy.
Originally founded in 1967, BTA has a diverse membership and roster of industry partners. Its TMC membership accounts for over 90% of UK managed business travel spend, providing value and excellent service to business travelers in the private, public and not-for-profit sectors. BTA is focused on providing practical solutions to market challenges and developments, while supporting best practices, sustainability and traveler well-being.
For more information on BTA, please visit: www.thebta.org.uk or call 020 3657 7010.