As early as April 2021, the mass return to travel started. In the US, there was a 48.9% increase in motor fuel sales when compared to April of 2020. And in the UK, April 2020 road travel fell to 1955 levels, but in May of 2021, the UK led the world in post-vaccination hotel bookings , which brought back clogged-up roads. Travel is predicted to make steady gains to pre- pandemic levels over the next few years, with both tourism and travel for business-related meetings and events predicted to meet previous levels in 2023. Between 2021 and 2025, the global business travel market is expected to grow by over one trillion USD at a rate of over 23%. That’s a positive sign for businesses who rely on travel to grow, but travel tends to be one of the top five expenses at any organization, so there’s plenty of room to keep travel costs low as the need and desire to travel comes back. Back to business travel 5
Keep business travel costs low Page 4 Page 6