The global business travel market has been badly hit by the pandemic, shrinking some 54 per cent year on year in 2020, according to research by ReportLinker.
However, this decline is expected to diminish to just -4.5 per cent in 2021 and recover thereafter to reach US$829.5 billion by 2027, trailing a post-COVID-19 CAGR of three per cent from 2020 to 2027.
Research firm MMGY is even more optimistic, predicting positive business travel growth in 2021, basing its outlook on December data revealing that 57 per cent of business travellers intend to take a trip over the next six months.
Pent-up demand for travel, combined with anticipation of vaccine rollouts globally, are just two factors providing more than a glimmer of hope for the sector, it says.
Experts argue this desire to travel will give governments and the industry the push they need to quickly innovate, ensuring travel is safer, more comfortable and enjoyable.
However, expectations have changed and 2021 will see the emergence of new travel trends, expectations and priorities – the result of a year spent learning that life is fragile and that our freedom to globetrot should not be taken for granted. Here’s a round-up of what to expect, based on the latest industry research.
Nomadic travel
هذه القصة مأخوذة من طبعة February 2021 من Business Traveller Middle East.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة February 2021 من Business Traveller Middle East.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Onwards and upwards
In an exclusive interview with Ian Fairservice for Business Traveller, His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority and CEO and Founder of the Emirates Group, provides insight into the current and future state of travel and Emirates’ pivotal role in getting the industry back on track
Cleaning up the crisis
How hotels have risen to the challenge of keeping guests safe during the pandemic
The Great Vegas Meetings Magic Act
The city is working hard to conjure up events and make millions of visitors reappear
TAKES OFF
Corporations are seeking new travel solutions that put safety and convenience first
TEE TIME IN TOKYO
The Tokyo Olympics may be delayed, but the golf courses around Japan’s capital aren’t slowing down
KEYS TO THE KINGDOM
New and upcoming hotels to check out when you next visit Saudi Arabia
QATAR CALLING
A swathe of hotels are opening in the Gulf State in the run-up to the 2022 FIFA World Cup
MEMPHIS CON BRIO
Music and history flood through the heart and soul of this quintessential American river town
Sofitel Mumbai BKC
BACKGROUND Sofitel Mumbai BKC is one of Accor’s most prominent addresses in Mumbai, Maharashtra. The French hospitality group’s other hotels in the city are operated under the Novotel and ibis brands.
Taking Scotland in Stride
A walk through the Highlands and Borders is the best way to touch this country’s history and nature