Business travel should return to 70% to 75% of 2019 levels by the end of the year, according to Hilton’s chief financial officer. That’s somewhat in contrast to recent comments by Airbnb Chief Executive Officer Brian Chesky, who said future business travel will look different than it has in the past, with a higher bar to get on the road for work.
“We’re not huge believers in a new normal,” Hilton’s Kevin Jacobs, who is also president of global development, told Yahoo Finance Live in an interview. He said business travel is currently running at half of 2019 levels, with a build to the end of 2021 and beyond. “It’s been a leisure-led recovery so far, but business will be a fast follow.”
