GBTA Survey: 2023 Travel Recovery to Reach Two-Thirds of 2019 Levels

 

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February 01, 2023 GBTA Survey: 2023 Travel Recovery to Reach Two-Thirds of 2019 Levels By Michael B. Baker A majority of travel buyers and suppliers alike expect higher levels of business travel in 2023 compared with 2022, according to a Global Business Travel Association survey of 637 travel industry professionals conducted in January. Keep Reading United Forms Joint Venture for SAF Production United Airlines has partnered with energy infrastructure company Tallgrass and biorefining company Green Plains to form a joint venture dubbed Blue Blade Energy to develop and commercialize sustainable aviation fuel technology using ethanol. Keep Reading Reed & Mackay Integrates Squake Carbon Data Reed & Mackay is integrating carbon emission data from Squake into its booking, policy and approval tools, the TMC announced. Keep Reading CWT M&E Adds Mtg. Site-Building Tools, Chat Support CWT Meetings & Events has launched a tool to assist planners with event website design and added live chat support for attendees. Keep Reading Amex Adds Small Business Cash-Flow Mgmt. Hub American Express has launched a new digital cash flow management hub for small businesses, as the company seeks to expand its reach in the small business segment beyond its card offering. Keep Reading Choice Sets Up Radisson Loyalty Point Swap Following last year's acquisition of Radisson Hotel Group Americas, Choice Hotels International will allow members of the Choice Privileges and Radisson Rewards Americas loyalty programs to transfer points between them. Keep Reading Alaska to Add Cross-Country San Diego Service Alaska Airlines plans to add nonstop service between San Diego and each Washington, D.C., and Tampa. Keep Reading ANA Expands New York, Honolulu Service All Nippon Airways plans to increase the frequency on its route between Tokyo Haneda and New York JFK. Keep Reading BA Ups GDS Surcharge, Adds New Minimum Requirements For NDC Partners Subscribe to the Beat Same-day corporate business trips—which used to be 3 percent to 4 percent of our traffic—is less than 1 percent of our traffic. We are planning that that's going to be the new norm." - American's Vasu Raja Read More 14% Increase in fourth-quarter 2022 T&E spending by American Express small and midsize business customers from Q4 2019 levels, according to the company. Check It Out Survey: Manual Expense Reporting Still Prevalent but Shrinking A survey of more than 300 accounting and finance professionals showed about one-third use some combination of manual processes, such as spreadsheets or paper, for expense reporting—a significant drop from a similar survey two years ago. Keep Reading Way2VAT Reports Transaction Growth in 2022 Automated value-added tax recovery provider Way2VAT reported a 57 percent year-over-year increase in transaction volume in 2022, including a 40 percent increase in the fourth quarter. Keep Reading Healix Adds Vancouver Office Security, travel and medical risk management firm Healix International has added a Vancouver, B.C., office. Keep Reading 301 Route 17 North, Suite 1150 Rutherford, New Jersey, USA 07070

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