Last week, the Centers for Disease Control and Prevention recommended that even people fully vaccinated against Covid-19 should wear masks while indoors in local areas with high transmission rates, due to data suggesting that even vaccinated people can transmit the now-dominant delta variant of the virus in some cases.
However, assuming generally positive developments over the next year-and-a-half, Deloitte projects U.S. business travel spending to rebound steadily over the period, reaching 40% to 60% of 2019 levels by the second quarter of 2022, and 65% to 80% of 2019 levels by the fourth quarter of 2022.
Whether travel spending will bounce back beyond those levels remains unclear. That s largely due to lessons learned amid the standstill, when the stoppage of travel activity resulted in hundreds of millions of dollars in cost savings for many companies a significant portion of which will seek to continue limiting spending even as the pandemic fades, according to the study.�
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Deloitte: Business Travel Set for a Slow Takeoff
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