About 35 percent of U.S. businesses are currently engaged in any business-related travel, said U.S. Travel Association president and CEO Roger Dow during a Tuesday press conference that focused on the steps needed to ignite business travel and meetings and events.
Additionally, business travel won’t fully recover to 2019 levels of either spend or number of trips until 2024, according to a new projection from Tourism Economics, which released a new report in conjunction with U.S. Travel.
The report shows that U.S. domestic business travel spend in 2020 totaled $88 billion, 67 percent lower than the $270 billion recorded in 2019, according to the report. The group portion of that figure for 2020 was $28 billion versus $113 billion in 2019, a 75 percent decline.
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The total number of domestic business travel trips fell from 464 million in 2019 to 181 million in 2020, according to the report.