Corporate travel was resurgent heading into the summer 2022 holiday hiatus as companies found themselves released from the shackles of Covid. “From mid-February we saw an exponential growth in demand when the UK border reopened and restrictions fell away,” says Pat McDonagh, CEO of travel management company Clarity. “That was a surprise.”
But will that recovery persist once bikinis, buckets and spades have been packed away and business travel heads into its traditional September-November peak? Or will a series of political, economic and environmental “headwinds”, as McDonagh describes them, slow demand and perhaps even blow it into reverse?