Middle East leads Business Travel recovery – WTTC report

Middle East leads Business Travel recovery – WTTC report

Worldwide business travel spending looks set to rise by more than a quarter this year and reach two thirds of pre-pandemic levels by 2022, according to a new World Travel & Tourism Council (WTTC) report released in collaboration with McKinsey & Company called ‘Adapting to Endemic Covid-19: The Outlook for Business Travel’.

Considering this year and next, WTTC data shows which regions around the world are leading the revival in business travel, led by the Middle East where business spending is set to rise by 49 percent this year, stronger than leisure spending at 36 percent, followed by a 32% rise next year.

Business spending in Asia-Pacific is set to rise by 32 percent this year, and 41 percent next year while Europe is expected to see a rise by 36 percent this year, followed by a 28 percent rise next year. Africa, ahead of the Americas will see spending is set to rise by 36 percent this year, slightly stronger than leisure spending followed by a 23 percent rise next year. Business travel spending is expected to rise by 14 percent this year in the Americas and by 35 percent in 2022.