Business travel enters hyper-growth mode

THE FIRST THREE MONTHS of 2022 saw business travel enter a “hyper-growth” mode not seen since the pandemic, with group bookings leading the surge in demand, according to corporate travel agency TripActions.

“Once Omicron cases dipped and restrictions dropped, February’s rebound resulted in TripActions’ biggest month ever. Biggest, that is, until March,” the company said.

Travel spend increased 220 per cent from January through March 2022, according to TripAction’s numbers, and rocketed 1,650 percent year-onyear in March 2022.

Sales professionals comprised 44 per cent of the Travel Management Company’s business travellers in March, with operations and engineering employees comprising 12 per cent.

In the UK market, home-working network Travel Counsellors said its corporate sales were up 20 per cent in March 2022 versus March 2019, while April was its best month yet since the pandemic.