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Business travel bookings and spending continue making their way back to 2019 levels. On average, travel buyers estimate their companies’ current domestic business travel bookings have returned to 67% of pre-pandemic 2019 levels (up from 63% in GBTA’s October poll).
In 2019, companies spent over $111.7 billion on business travel. Of course, the frequency of business travel has ebbed and flowed a bit since 2020 with the uncertainty of the pandemic, but one thing remains the same: Business travel expenses affect the bottom line. T&E stands for travel and expenses.
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