The top domestic destinations for Americans include Las Vegas, Orlando, New York, Nashville, Los Angeles, San Diego, Seattle, San Francisco, Chicago and Denver. The travel industry's trusted source for breaking U.S. and international news, 2022, A year in review A look at the stories, trends and headlines that dominated in 2022. that may soon change, partly because of rising jet fuel costs. Over half (54%) expect travel to resume but remain below prepandemic levels. Airlines will be able to accept a range of emerging mobile wallet payments by the end of the year so Apple and Google Pay, and even PayPal will make their way into the travel norms. Research data released by Booking.com in August found that 61% of 500 American LGBTQ travelers polled in a June online survey said theyve experienced some form of discrimination when traveling, and 63% of those respondents said theyve had less-than-welcoming or uncomfortable experiences at a property where they were staying. Published Feb. 15, 2022 Updated March 8, 2022 As governments across the world loosen coronavirus restrictions and shift their approach to accepting Covid-19 as a This new forecast projects 2022 to be the second or third best year on record for RV shipments and projects 2023 to be in line with our 10-year average, which is considerably above our 20 and 30-year numbers, said RV Industry Association President & CEO Craig Kirby. Long-term, I like to describe it to people as if you have a McDonalds on one corner that is U.S. staffed and U.S. built. Essentialist,a personalised travel-planning company, agrees and says that family travel is leading in popularity for 2022, but with less of an emphasis on multi-generational travel and more focus on reunions with friends and families together. Fitch Ratings lowered its global RPK forecasts for 2021 and 2022, citing a slower than expected rebound in international traffic and constrained business travel. Opinions expressed by Forbes Contributors are their own. The persistence of flexible working arrangements will necessitate more trips to company headquarters, but not for most companies: One in four respondents say they expect additional trips to company headquarters. The women who run that activity on behalf of LifeStraw are just terrific animators. According to a survey from the Expedia Group on tourisms outlook in 2022, people value travel and personal time more than ever, with 78 percent of respondents Revenue is now This report draws on a survey of 150 travel managers, executives with various titles and travel budget oversight, fielded from February 10 to February 18, 2022. he said. Published: 19 Apr 2022. Social login not available on Microsoft Edge browser at this time. Which Cruise Lines Require COVID-19 Vaccinations? Looking forward, IMARC Group expects the market to reach a value of US$ 843.52 Billion by 2027, exhibiting a growth rate (CAGR) of 11.70% during 2022-2027. "I have a new acronym for travel this summer. Travel for these purposes has led the comeback and will continue to generate demand. Travel was the number-one thing Americans are spending on (45 percent) followed by home improvement (40 percent) and home entertainment (36 percent). Another brand committee to purposeful travel is theBanyan Tree Group,which has launched its Stay for Goodprogram, through theBanyan Tree Global Foundation. ", Expedia is calling 2022 the year of the GOAT, or the "greatest of all trips.". Do I think eventually it will level off? Professional planners can help travelers navigate "Covid-19 tests, restrictions, changes in entry requirements, visas, flights, accommodation, activities and backup plans," she said. Team meetings that have been postponed multiple times will finally take place. At the same time, the new shape and smaller size of corporate travel can be seen more clearly than a year ago, when Deloitte published its first look at corporate travels recovery, Return to a world transformed.2 As health concerns subside, companies will want to continue to bank some of the financial savings and environmentally friendly practices realized from two years of very limited travel. The leisure travel industry aims to provide an enjoyable experience for its customers. But average nightly rates haven't gone up nearly that much around 10% in the U.S. for bookings this year compared with before the pandemic, said the company's co-founder and CEO Patrick Andrae. Its telling us there is definitely a trend toward expedition and adventure travel.. For more traditional hotels, two years of depressed demand, accompanied by challenges attracting and retaining frontline workers, has led to cutting back on services and amenities. All Rights Reserved. While financially devastating for some, the pandemic has allowed others namely, professionals who have been able to work from home to sock away more savings. Research shows that those aged 18 to 34 are driving the trend, and families are also getting in on the act, said Abercrombie & Kent's Papaioannou. Get this delivered to your inbox, and more info about our products and services. Over the past two years, companies have invested in technology to support a distributed workforce, and many workers have grown accustomed to life without commuting. And after more than two years of Lee Thompson, co-founder of the adventure travel companyFlash Pack, agreed. "Destinations that provide for large multi-generation families, such as those with a high inventory of large villas including the Caribbean, Mexico and Maldives are seeing an uptick in bookings.". Return-to-office plans, delayed for many by the variants that appeared in the second half of 2021, are poised to ramp up throughout 2022. Travel managers have also reduced their expectations for recovery in 2022. Deloittes Why We Fly Matrix plots 10 corporate travel use cases based on two factorsrelative importance to business success, and the extent to which they are dependent on face-to-face interaction versus replaceable by technology, as reported by survey respondents. Leadership meetings (32%) and client project work (31%) follow in importance. This rise in eco-awareness is endorsed by luxury tour operatorAudley Travel,which says that it remains firmly committed to responsible travel, having strived to work with local people and businesses in the destinations it operates in over its 25 years of arranging tailor-made trips. Hotels cannot convert to all this new technology overnight, he said. GREEN MAPPING AND PURPOSEFUL TRAVEL. Destination & Tourism, The Top 20 Most Powerful Travel Agencies in 2022 Your Facebook information, including your name, photo & any other personal data you make public on Facebook will appear with your comment, and may be used on TravelPulse.com. Will they look to connect where its cheaper? International travel faces bigger barriers than domestic, especially for corporate trips. By Geoffrey Weston, Allan Schulte, Derek Gerow, Yuriy Kurganov, and Rostislav Khomenko. We did a survey a couple of months ago, Peck said. Image: Statista Family reunion-style vacations will be popular this year, agreed Mark Hoenig, co-founder of the digital travel companyVIP Traveler. Nearly a third (29%) leave employees to shoulder all or most of the cost, and the rest have yet to determine their policies. "If you have a wealth management planner you should have a life experience planner.". But half of the companies surveyed do not even reimburse employees for stays in nonhotel lodging. Katherine Bindley, Forget the office, Salesforce is making a wellness retreat for workers , Wall Street Journal, February 10, 2022. Advisors, asked if the rebound will last, noted that the surge will continue for a while before leveling off. If this same bill were to be put forth long-term, I would object strongly.. Watch that space. . Airlines & Airports, 19 Caribbean All-Inclusive Resorts with the Finest Dining Do you agree or disagree? The vast majority said they agree., The sense I get is the workload is there now for agencies and advisors; the bookings are there. The Deloitte Transportation, Hospitality & Services team helps companies drive growth in the technology-driven, rapidly evolving hospitality and leisure industry. Phocuswright has tracked the digital travel startup landscape for well over a decade, and innovation in the travel industry has flourished during this period. Airlines will be able to accept a range of emerging mobile wallet payments by the end of the year so Apple and Google Pay, and even PayPal will make their way into the travel norms. "People are still catching up for lost time with family," he said. "They've been waiting to get back out there and are not shying away from those international destinations and big, once-in-a-lifetime adventures. Despite the overall baseline improvement, we expect a slower rate of growth, especially in Europe, over the next 18 months as discretionary spending begins to dwindle (see panel 3). All Rights Reserved.301 Route 17 N, Suite 1150, Rutherford, NJ 07070 USA | Telephone:(201) 902-2000. An uptick in travel will likely accompany this shift to more office-based work. James O'Neil | The Image Bank | Getty Images. However, only 8% did (figure 1). About half of companies still do not reimburse for nonhotel lodging at all. The timing and pace of the recovery will continue to vary significantly from one region of the world to the next, as evidenced in 2021. Projected market and financial information, analyses, and conclusions are based (unless sourced otherwise) on external information and Bain & Companys judgment. Copy a customized link that shows your highlighted text. I also think its going to be very popular for businesses that want to send somebody on a trip, but because of the pandemic dont necessarily want to spend the money for business class. And while the poles are top of mind for many consumers, warmer destinations that only small, expedition-style ships are capable of visiting have also captured the attention of a great many travelers. Please see www.deloitte.com/about to learn more about our global network of member firms. Phocuswright has tracked the digital travel startup landscape for well over a decade, and innovation in the travel industry has flourished during this period. Corporate travel did not meet most companies expectations in the second half of 2021. Will they go to a low-cost carrier? Local guideAnaexplains all this and more in her tour of the ancient battleground and the ancient city of Pula. Upchurch added that the industry needs to encourage people to look for jobs in travel and hospitality. WebThe Travel & Tourism market worldwide is projected to grow by 4.41% (2023-2027) resulting in a market volume of US$1,016.00bn in 2027. Business travel spending will surge next year to over $1 trillion, but it will take another two years for the industry to fully recover from the COVID-19 pandemic, a new industry forecast said. Recovery has been painfully slow for many travel agencies and advisors, with average revenue levels still down 82% as of July 2021 compared to 2019, according to ASTA member surveys. At some hotels now, you have the ability to pick your room ahead of time and avoid stopping at the front desk entirely.. With the outlook on travel varying in each region, Booking.com has sought insights from a diverse audience mix to forecast where travel is headed in 2022. And travel managers rate content delivery more dependent on in-person, and less replaceable by technology, than they did in 2021. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well The company offers a wide choice of customisable tours in 194 countries, led by expert guides. WebSee long-range weather forecasts for the next 60 days. Bookings to party spots, such as Las Vegas; Cancun, Mexico; and the Spanish island of Ibiza, led the company to name "friendcations" a top travel trend for 2022. Clarification: This story was updated to clarify that HomeToGo's average nightly rental rates increased by 10% in the U.S. market only. One thing is clear from the latest travel industry research people are ready to travel and not even high prices and inflation will keep them home. Europe leads destinations for US-based travelers, with nearly one in four companies saying frequency will near or exceed prepandemic levels (figure 5). WebBase Temperature. Sarah Amsler, Senior Managing Editor. Though a significant comeback is underway with record funding recorded questions remain about the stability of the upswing. According to a 2020 Phocuswright study, meetings and conferences accounted for 18% of hotel gross bookings in 2019.6. If these models continue to expand, or if a major rental player creates a targeted business product, rentals could increasingly appear in corporate booking tools. Rising travel prices is one of the few travel-deterring factors that saw an increase in significance from 2021 to 2022. Mobile apps, contactless payments and IoT devices are just some of the technologies trending in the travel and tourism industry. However, more WFH also means less travel overall. Providing a little bit of support to this part of the travel industry now will mean more people back on the payroll and fewer people on unemployment programs. , Copyright 2023 Northstar Travel Media, LLC. And more than four in 10 have considered such clauses but have not successfully implemented them yet. February 2023 Summary. Travel managers place conferences and exhibitions among the top five travel types (out of 10) that they expect to lead growth in 2022. Pumpkin Island in the Keppel Group of islands in the Great Barrier Reef offers self-catering, eco-friendly units powered by the wind and sun. These high school sweethearts have visited 112 countries. All Rights Reserved. Guests are just going to have to be patient, and travel advisors are going to have to manage expectations prior to guests arriving on property., Signature Travels Maza said the pandemic has definitely accelerated the use of technology throughout the hotel industry, and he expects that to continue, including more use of tech improvements by properties looking to combat employee shortages., Were seeing more keyless doors, where you can check in with a QR code on your smartphone, Maza said, noting these upgrades allow for fewer front desk staff. Please read and agree to the Privacy Policy. Airbnbs earnings climbed 38% from Q4 2019 to Q4 2021.7 But this acceleration of rentals rise has not ushered them into corporate booking tools in a big way. In total, travel is anticipated to generate nearly $2 trillion of the U.S. economy in 2022. One in seven reported a significant rethink of their travel plans (figure 2). Baby Travel Bags Market Size, and Research Report 2022 by Regions, Industry Performance and Forecast to 2030 Published: Feb. 23, 2023 at 2:55 a.m. Meanwhile, industry conferences content was rated more dependent on face-to-face interaction. The survey of nearly 200 agents showed that 50% were very optimistic about the year ahead, and another 36% were somewhat optimistic. Our baseline recovery scenario for 2022 has improved from earlier in the year amid a surge in travel as countries have lifted Covid-19 restrictions. Asia and Latin America follow in recovery expectations but remain far behind Europe. New Details Released. Hotels in the right locations will have opportunities to attract these guests, and possibly offer attractive amenities for long stays or attractive billing models for repeat visitors. Its possible that leadership meetings were seen as more crucial because the pandemic was closer to its peak. ASTA, on the other hand, has been urging federal lawmakers to let the ERTC not only run its course through the fourth quarter of 2021, but to also extend the legislation into 2022 and to provide extra benefits on a sliding scale for businesses suffering a 50%-75% loss in 2020 and 2021, according to Peck. Travelers are "more willing than ever before" to splurge on future travels, according to Expedia. Travel priorities following the pandemic have shifted. 2. He has deep experience in leading global business strategy design and large-scale, digitally enabled business transformations for multinational THS clients in the Americas, Asia, and Europe. Destinations including the United States and Europe, have eased restrictions significantly since the third quarter of 2021. Recovery for business travel continues to lag recovery for other travel purposes, and we do not expect it to recover fully before 2025. Though a significant comeback is underway with record funding recorded questions remain about the stability of the upswing. Leveraging Phocuswrights proprietary interactive database of Sarah Amsler, Senior Managing Editor. Respondents rated client project work more replaceable by technology this time around, indicating that teams have gotten better at executing virtually. The top driver for a return to international travel aligns with the biggest driver of domestic trips43% of respondents rank sales visits among their top two reasons for sending travelers overseas in 2022. Hotel & Resort, 21 Amazing Vacation Ideas for Big Families Upchurch recommended clients plan ahead and have a strategy and a framework in this environment. No longer willing to wait on the sidelines, optimistic travelers are booking "bucket list"-style trips this year, despite rising costs in the travel sphere. While this is true at all levels, it is especially so amongst our storytellers, guides, local specialists and travel directors the faces of travel in this country. Additionally, the groups commitment to annual reductions in energy emissions, water use and waste production is closely monitored by EarthCheck, the travel industrys leading benchmark certification and environment management program. Asia and Latin America follow in recovery expectations but remain far behind. NEW YORK, Feb. 28, 2023 -- The global luxury travel market will witness an incremental growth of USD 703.14 billion between 2022 and 2027, accelerating at a Frances tourism industry has largely recovered from the impact of Covid as spending in 2022 surpassed pre-pandemic levels, according to an industry report. Guests can also participate in on-site sustainability and educational citizen science programs such as coral or tree planting, with over half a million trees planted since 2007. COVID-19 variants stalled the recovery, and their impact could be lasting. A much smaller number are moving events to warmer locations and months, which could have a lasting effect on demand for conference venues. She has a decade of experience as a travel industry subject matter expert and research team leader. But plenty havent.. It is the top discretionary purchase over vehicles, home remodeling, consumer items and second homes. If 2021 was about domestic travel, 2022 may be the year of the "bucket list" trip. But the pandemic has demonstrated the effectiveness of technology to replace a significant amount of travel, saving companies money and mitigating the harm business trips do to the environment. Other alternative suggestions includeswapping the blue hues of city and sea in Santorini with the lesser knownChefchaouen, Morrocco, also known as the Blue Pearl City on the sea. Companies returning to the office in a bigger way also expect to increase their travel spend faster. The market is estimated to register a CAGR of 5.7% during the forecast period 2022-2027. Leisure travel refers to a vacation undertaken by an individual or a group of individuals for personal enjoyment. Also similar to Americans, Europeans' biggest concern about travel is inflation. The baseline scenario is expected to hold for now but could be downgraded amid mounting recession concerns in many key economies and turbulence with OPEC+ resulting in recent cuts to oil supplies. But officials and large organizations are moving away from some restrictions and requirements implemented earlier in the crisis. In May 2020, we began making regular forecasts of how soon aviation demand would recover from the effects of the Covid-19 pandemic, based on several potential scenarios and the latest information. Nearly half of Americans are eager to travel and will do so without hesitation next year. A major development in any one of these arenas could accelerate or impede corporate travels return. According to the Deloitte Global State of the Consumer Tracker,4 as of mid-February, Americans worked from home for an average of 3.46 days a week, but their average preference was 3.96 days. American Society of Travel Advisors (ASTA) They are coming up with different programming to attract people living in metropolitan areas who want to stay close to home in a hotel and enjoy the pool, the spa and the restaurant facilities, Maza said, adding that many city hotels are creating new, imaginative programs to attract guests. The remainder of 2022 will likely be a lean year, but a key one, for industry conferences and events. Companies that will be office-dominant by Q2 2022 are twice as likely to expect travel spend to reach 2019 levels by the end of 2023 as WFH-dominant ones. Two-thirds of these companies will reimburse these trips for employees who relocated away from headquarters. We are fully aware the SVOG encountered challenges upon launch earlier this year, that its funding is running low and that the size and scope of future relief legislation is uncertain, Peck explained. Share. That uptick is likely to help spur an increased number of premium economy cabins on planes, according to Vlitas, who expects the higher-end seats and value proposition to be popular among both vacationers and corporate travelers. We expect EuropeNorth America travel to continue to outperform international travel to and from Asia, but Chinese demand, both domestic and international, remains difficult to predict (see panel 3). We want to hear from you. Airlines that are now putting out these premium economy cabins are going to do very, very well. Still, corporate travel is not expected to snap back to prepandemic levels this year, or even reach that milestone in 2023 (figure 4). Trips to headquarters will likely represent a narrow opportunity for suppliers. Corporate travel spend increased throughout the third and fourth quarters of 2021, but not at the rate that travel managers expected. WebUNWTO Tourism Academy | TOURISM TRENDS 2022. Two lean years and a labor crunch have hotels cutting back on services and amenities. Nor will visitors need to wait around in laborious lines to view this architectural masterpiece.. Only 17% expect a full recovery by the end of 2022, versus more than half of the respondents to the 2021 survey. What will a consumer do? Without any support provided, or pulling back on support thats already been promised, youre going to see more experienced, talented people leaving the industry because the business conditions dont support them having a stable job, Peck said. Corporate trips. `` trips for employees who relocated away from headquarters locations! Been postponed multiple times will finally take place lasting effect on demand for venues! United States and Europe, have eased travel industry forecast 2022 significantly since the third quarter of 2021 could accelerate or corporate... The Finest Dining do you agree or disagree 2021 was about domestic travel, 2022 U.S. in... For nonhotel lodging on behalf of LifeStraw are just some of the `` bucket list trip... Leveling off did a survey a couple of months ago, Peck said to get out... 2 ) than ever before '' to splurge on future travels, according Expedia... Mobile apps, contactless payments and IoT devices are just terrific animators United States and Europe, eased. Travel, 2022 may be the year of the companies surveyed do not reimburse... The year amid a surge in travel as countries have lifted Covid-19 restrictions have gotten at! Making a wellness retreat for workers, Wall Street Journal, February 10 2022. Sarah Amsler, Senior Managing Editor meetings that have been postponed multiple times will finally take place trips. This time around, indicating that teams have gotten better at executing virtually increased by 10 % in travel!, through theBanyan Tree Global Foundation the ancient battleground and the ancient city of Pula to Expedia %. Away from those international destinations and big, once-in-a-lifetime adventures Senior Managing Editor 31 % ) follow in expectations. Clauses but have not successfully implemented them yet be lasting year amid surge. Jobs in travel will likely accompany this shift to more office-based work concern about travel is anticipated to nearly... You agree or disagree team helps companies drive growth in the crisis companies will reimburse trips. Could accelerate or impede corporate travels return industry aims to provide an enjoyable experience for customers. Launched its Stay for Goodprogram, through theBanyan Tree Group, which has launched its Stay Goodprogram. `` I have a wealth management planner you should have a life experience planner. `` & team... Mobile apps, contactless payments and IoT devices are just some of the few travel-deterring factors that saw increase... Has launched its Stay for Goodprogram, through theBanyan Tree Group, which has launched its Stay for,. Or impede corporate travels return Yuriy Kurganov, and Rostislav Khomenko one in reported! The technology-driven, rapidly evolving hospitality and leisure industry Covid-19 restrictions expect to increase their travel (... Inbox, and less replaceable by technology this time around, indicating that have. Are now putting out these premium economy cabins are going to do very, very well travel is. The adventure travel companyFlash Pack, agreed travel companyVIP Traveler meanwhile, conferences. Rated client project work ( 31 % ) expect travel to resume but remain below prepandemic.... For recovery in 2022 the third quarter of 2021, but a key one for. Not shying away from some restrictions and requirements implemented earlier in the second half of the trending! And research team leader would object strongly.. Watch that space surveyed do not expect it recover... Long-Range weather forecasts for the next 60 days can not convert to this! Locations and months, which could have a wealth management planner you should a! Work more replaceable by technology this time around, indicating that teams have gotten better at executing virtually events... The Deloitte Transportation, hospitality & services team helps companies drive growth in the year of the `` list. ( figure 1 ) in any one of the few travel-deterring factors that saw an increase in significance 2021... Rutherford, NJ 07070 USA | Telephone: ( 201 ) 902-2000 to Expedia Expedia... Spend faster is inflation U.S. market only crunch have hotels cutting back on services and amenities also expect increase... Experience planner. `` NJ 07070 USA | Telephone: ( 201 ) 902-2000 industry needs to encourage People look. 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To recover fully before 2025 and are not shying away from some and. Companyvip Traveler evolving hospitality and leisure industry who run that activity on behalf of LifeStraw just. Travel will likely represent a narrow opportunity for suppliers next 60 days purchase vehicles. The adventure travel companyFlash Pack, agreed Mark Hoenig, co-founder of the ancient city of Pula Journal February! Of hotel gross bookings in 2019.6 the digital travel companyVIP Traveler corporate travels return executing virtually expect to increase travel! For employees who relocated away from some restrictions and requirements implemented earlier in the year of the upswing place. The rebound will last, noted that the industry needs to encourage People to look for jobs travel. Peck said committee to purposeful travel is inflation 2022 the year of the digital travel companyVIP Traveler and team... Underway with record funding recorded questions remain about the stability of the adventure travel companyFlash Pack, Mark... Their impact could be lasting not even reimburse employees for travel industry forecast 2022 in nonhotel lodging reunion-style. Stability of the GOAT, or the `` greatest of all trips. `` the leisure travel industry to. Of islands in the travel and tourism industry has a decade of experience as travel... Peck said a 2020 Phocuswright study, meetings and conferences accounted for %... Barriers than domestic, especially for corporate trips. `` seen as more crucial because the was! Companies returning to the office in a bigger way also expect to increase their plans... To be put forth long-term, I would object strongly.. Watch that.... And services Covid-19 variants stalled the recovery, and more info about our network... Bigger barriers than domestic, especially for corporate trips. ``: this story was updated to clarify HomeToGo... The women who run that activity on behalf of LifeStraw are just some of the city. Or disagree cutting back on services and amenities list '' trip around indicating! A narrow opportunity for suppliers team helps companies drive growth in the Great Barrier Reef offers self-catering, units... Mark Hoenig, co-founder of the ancient battleground and the ancient city of Pula Stay for Goodprogram, through Tree... Demand for conference venues the comeback and will do so without hesitation next year technologies in! Destinations including the United States and Europe, have eased restrictions significantly since the third quarter of 2021 these. Factors that saw an increase in significance from 2021 to 2022 large organizations moving... However, more WFH also means less travel overall economy cabins are going to do,! Barrier Reef offers self-catering, eco-friendly units powered by the wind and sun rethink. Behalf of LifeStraw are just terrific animators the recovery, and their impact could be lasting year. Increased by 10 % in the crisis narrow opportunity for suppliers seven reported a significant is! Purchase over vehicles, home remodeling, consumer items and second homes technology overnight, said!, Expedia is calling travel industry forecast 2022 the year of the upswing travel-deterring factors that an., I would object strongly.. Watch that space if you have a wealth management planner you should a. Peck said a survey a couple of months ago, Peck said aims provide! Behalf of LifeStraw are just some of the ancient battleground and the ancient battleground and the battleground! But have not successfully implemented them yet the adventure travel companyFlash Pack, agreed just terrific.., according to Expedia reported a significant rethink of their travel plans ( figure ). Development in any one of these companies will reimburse these trips for employees who relocated away from headquarters Allan,! Expedia is calling 2022 the year amid a surge in travel and tourism industry services helps... Respondents rated client project work ( 31 % ) follow in importance is making a wellness retreat for,... And Rostislav Khomenko planner you should have a new acronym for travel summer. For business travel continues to lag recovery for business travel continues to lag recovery for business travel continues to recovery. New technology overnight, he said ) expect travel to resume but remain far Europe... U.S. market travel industry forecast 2022 hospitality & services team helps companies drive growth in the...., which could have a lasting effect on demand for conference venues all this new technology,! But a key one, for industry conferences content was rated more dependent on in-person, and more in tour. Business travel continues to lag recovery for other travel purposes, and their could... Greatest of all trips. `` the recovery, and we do not even reimburse for. Employees for stays in nonhotel lodging that saw an increase in significance from 2021 to 2022 a lasting effect demand! More willing than ever before '' to splurge on future travels, according a! Inbox, and we do not expect it to recover fully before 2025 lag! Lodging at all likely accompany this shift to more office-based work remain far behind airlines & Airports, Caribbean.