GBTA: 54% of survey respondents say business travel rebounding faster than expected

23 September, 2022

Global Business Travel Association (GBTA) surveyed (21-Sep-2022) travel and procurement leaders from Europe and North America, finding 54% say business travel has rebounded faster than expected, while 77% report they are spending more time troubleshooting traveller issues. Highlights include:

  • 67% believe that once all their offices are open, hybrid work scenarios will dominate. Only 9% anticipate that all their colleagues will return to the office full time;
  • 40% report that their companies have reduced their office space;
  • 39% say their company is hiring more remote workers than they did prior to the pandemic;
  • Almost four of five travel managers responding (79%) say remote working policies boost employee morale, while 72% believe these policies help with talent recruitment;
  • 17% say the procurement and management of co-working spaces is fully-managed;
  • 44% "don't know" how their company procures co-working spaces;
  • More than seven in ten (71%) say they would gain from having the consolidated data from hotel, meeting and co-working bookings, with 67% noting it would be easier for employees to use validated corporate payment tools via a singular booking source;
  • Nearly three-quarters (74%) say it would be easier for employees to book both hotels and co-working spaces at the same time in the same shopping/booking technology.

74% of survey respondents were from the US and Canada. [more - original PR]