CAPA: Majority of businesses expect to increase travel budgets in 2023

22 November, 2022

CAPA - Centre for Aviation head of research Simon Elsegood, speaking at the CTC Australasia Corporate Travel Summit & Sustainability Awards, stated (22-Nov-2022) a "strong majority" of businesses expect to increase their travel budgets in 2023, adding most firms expect their travel budgets in 2023 will be smaller than in 2019. Mr Elsegood noted spend per trip is expected to grow and, globally, business travel spending is still not forecast to fully recover until 2026, with the outlook "highly uncertain".