The Global Business Travel Association, an industry group, said business travel accounted for about 2.5 to 3 per cent of Canada's GDP pre-pandemic, about $40 billion annually. (Rick Bowmer/The Associated Press)Only essential business travel has continued throughout the pandemic; for example, trips related to healthcare issues or critical infrastructure. "Business travel contributes over $40 billion towards our Canadian economy in pre-pandemic numbers," said Nancy Tudorach, who works with the Global Business Travel Association. Business travel may stay depressedMany of the companies that depend heavily on business travellers are expected to continue to struggle. McKinsey's report on the airline industry forecasts pre-pandemic travel levels won't be reached until 2024, and even then will only be at 80 per cent.

Source: CBC News August 01, 2021 07:52 UTC