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Business Travel- Lagging? Hotels can use these SMART Strategies to Retain Business Travelers

September 28, 2021


Leisure travel is booming, whereas business travel is lagging! The vaccine rollout has made it possible for the global hospitality industry to get back on track where leisure travelers are flying in numbers and thereby allowing more countries to open for travel. The total domestic revenues for paid accommodations are forecasted to reach $213.5 billion in 2021, a 53.3% increase over 2020. However, the industry is unlikely to rebound to pre-pandemic revenue levels until 2023 due to the delay of business travel. Because of the advantages of remote working and cost-effectiveness, business travel which is a lucrative sector for hotels is unlikely to rebound anytime soon.

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