June 07, 2023

ForwardKeys Reports Business Travel Set to Overtake Leisure This Spring

The latest research from ForwardKeys, which has the most comprehensive and up-to-date flight ticketing data available, reveals that the recovery in global business travel is set to overtake leisure in July.

Olivier Ponti, VP of Insights, ForwardKeys, said: “Throughout the COVID-19 pandemic, business travel flight bookings have been slower to recover than leisure, and currently still are. However, that situation now looks likely to change. As of 30th May, we are seeing that the trend is set to reverse in July, with the recovery in business travel overtaking the recovery in leisure – as business flight bookings are 14% behind pre-pandemic (2019) levels and leisure are 16% behind.”

Global Air Ticketing Data

“Moreover, the gap will probably widen in the autumn, as business bookings for September are just 1% behind 2019, whereas leisure is 8% behind. 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,” Ponti adds.

Copyright 2023 ForwardKeys. All rights reserved. From https://forwardkeys.com.

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