The business travel industry in Europe continues its progress towards full recovery to its pre-pandemic spending levels of USD $392 billion, but the divergent recovery in business travel continues across the region. Europe’s business travel spend now accounts for approximately 20% of global spend compared to 27% in 2019.
Emerging Europe and Western Europe were the only regions globally to experience spending declines in 2021, as COVID-19 impacted domestic and regional business travel markets. However, Western Europe is expected to experience one the sharpest recoveries by 2026. This is according to the most recent Business Travel Index™ Outlook annual forecast and outlook (2022), from the Global Business Travel Association (GBTA), the world’s largest business travel association.