The latest study of ForwardKeys reveals that the recovery of business travel should exceed that of leisure trips in July.
The company “which has the most complete and recent data on air ticketing” recalls that throughout the Covid-19 pandemic, flight reservations for business trips have been slower to recover than for leisure travel. But that situation now looks “likely to change”: as of May 30, 2023, ForwardKeys finds that the trend “should reverse in july ”, the recovery of business travel taking precedence over that of leisure travel – with business flight bookings lagging 14% compared to pre-pandemic levels (2019) and 16% compared to leisure flight reservations.
Olivier Ponti, VP Insights, ForwardKeys, said that in addition ” the gap will probably widen to autumnas business flight bookings for September are only 1% lower than 2019, while leisure flight bookings are 8% lower than 2019 “. It is conceivable in his view that the trend of leisure leading the recovery “ continues if there is a late surge in summer vacation bookings; but risinginflationincluding the price of hotel and airfare, makes this unlikely “.