US Companies Step Up Travel, Shrug Off Economic Uncertainty
- Fares decline after summer surge, dropping below 2019 levels
- Travel manager TripActions sees ‘blockbuster’ season for trips
Demand is climbing but average booked fares were down 23%.
Photographer: Bing Guan/BloombergThis article is for subscribers only.
US companies are overlooking uncertainty about the economy and booking fall trips at nearly six times last year’s rate after a flat summer for business travel, according to an analysis.
While demand is climbing, average booked fares were down 23% to $419 in August from $543 in mid-May, travel manager TripActions said in a new report. That was about $10 cheaper than in August 2019.