Finance

Survey: Business Travel Willingness Appears to Plateau

The number of travel managers who consider their organizations” employees willing to travel for business appears to have plateaued since May, according to a new survey by the Global Business Travel Association. Suppliers’ optimism about a business travel recovery also appears to have leveled off, according to the survey, even as month-over-month travel volumes increase.

About 77 percent of the 309 member travel buyers and procurement managers surveyed July 6-13 by GBTA indicated that they considered their travelers “very willing” or “willing” to travel for business, the same share as indicated in June, and two percentage points higher than May’s survey. About 24 percent of respondents in July indicated their travelers were “very willing,” up from 19 percent in June, but overall willingness held steady.

Meanwhile, about 57 percent of 158 member travel suppliers indicated they were “optimistic” or “very optimistic” about “the financial prospects of companies in the business travel sector,” up from 54 percent in June, even as 70 percent of the suppliers in July said that their travel bookings had increased week over week.

Meanwhile, 81 percent of all buyers and suppliers surveyed in July by GBTA indicated they were fully vaccinated against Covid-19, and another 8 percent indicated they were partially vaccinated. That’s a substantially higher percentage than the public at large in the United States, where 59.4 percent of adults are fully vaccinated, and another 8.8 percent are partially vaccinated, according to the U.S. Centers for Disease Control and Prevention. In the GBTA poll, 5 percent of respondents said that they were not vaccinated, and another 5 percent declined to answer.

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