ForwardKeys: Business travel to overtake leisure in Jul-2023

ForwardKeys reported (07-Jun-2023) the recovery in global business travel is expected to overtake leisure in Jul-2023. ForwardKeys VP of insights Olivier Ponti said: "The business flight bookings are 14% behind pre-pandemic (2019) levels and leisure are 16% behind", as of 30-May-2023. Mr Ponti stated: "The gap will probably widen in the autumn, as business bookings for September are just 1% behind 2019, whereas leisure is 8% behind". He added: "It is conceivable the trend of leisure leading the recovery could continue if there is a late surge in summer holiday bookings; but the rise in inflation, including the price of hospitality and airline tickets, makes that unlikely". [more - original PR]