Some airlines executives have said they expect a strong rebound in U.S. corporate travel after Labor Day, when many workers will be returning to offices. Here’s a look at the uneven corporate travel recovery:Summer FlightsGlobal corporate travel bookings are recovering at a 10% rate week over week, according to TripActions Inc., a corporate travel manager that collects fares from ticket-distribution systems. And Delta Air Line Inc. Chief Executive Officer Ed Bastian said he is confident the U.S. will soon experience a “renaissance of business travel," with figures eventually reaching pre-pandemic levels. Still DepressedStill, spending on business travel remains limited and concentrated on a few top U.S. destinations. Urban markets that rely heavily on business from conferences and meetings, continue to face a “severe financial crisis," the industry group said.

Source: Mint July 10, 2021 13:52 UTC