The pandemic that put the brakes on travel only a couple of years ago lingers, but a recent survey indicates that corporate travel is back.
According to the Quarterly Business Travel Tracker from J.D. Power, U.S. Travel Association and Tourism Economics, a survey of more than 2,400 U.S. business travelers revealed that 84% of respondents expect to travel to attend conferences, conventions or trade shows in the next six months.
Also according to the survey fewer than one in 10 U.S. business travelers are uncertain if they would travel in the next six months. Additionally, they are expected to resume traveling at a comparable pace to pre-pandemic levels, averaging about 1.6 trips per month (compared to 1.7 monthly trips pre-pandemic). All of these numbers suggest that business travel is ramping up again.
These figures offer further validation to an American Express survey of business travelers conducted earlier in the month. In that survey, three in four said they are planning trips now through the fall. That number rose to more than four in five when frequent business travelers were queried. This trend bodes well for the private aviation industry.
Per Greg Raiff, CEO of PJS, in a LinkedIn article: “With a safe ‘return to normal’ underway, successful companies aren’t asking if business travel is worth it. Instead, corporate travel managers are thinking about how to make their investment in air travel more worthwhile. And as this year’s record-setting demand reveals, the answer for many is private aviation.”