Business Travel Slump Deepens in the U.S.
DALLASBUSINESSJOURNAL – During a typical year, this would be the time airlines see traffic trends shift from the busy summer travel season to the fall, in which business travel takes a larger role.
That calendar shift will be problematic for airlines this year, as corporate travel has yet to return in any meaningful way. In fact, the sector hasn’t shown any improvement in months, according to one analyst group.
While leisure travel bookings were down just over 50% year-over-year for the week ending Aug. 23, corporate bookings were down in the 87-88% range, according to a research note from Bank of America analysts earlier this week.