Top business cities before and during COVID-19
There has been a fairly dramatic shift in this distribution throughout the pandemic. As the chart below indicates, international travel dropped significantly due to global travel restrictions. Domestic travel to these business cities continued, with San Francisco and New York being most visibility affected. International travel to Las Vegas, Chicago, Boston, and Dallas was lowest at this time.
Domestic travel is leading US recovery
Flexible trips become a staple of “next normal” business travel
In case you’re only going to read one thing
- Before the pandemic, San Francisco and New York had more international business travel arrivals than domestic ones. Now, this has reversed and domestic travel rates are higher than international travel rates to these cities.
- International travel overall has dropped since the outbreak of the coronavirus pandemic. We have, however, started to see green shoots of recovery in international travel from about January 2021.
- Domestic travel also suffered at the height of the pandemic, reaching all-time lows between April and August 2020.
- Domestic travel is leading the path to business travel recovery. There has been a steady increase in domestic business travel in the US from January to May 2021.
- There is significantly more demand for flexible rates when booking business trips now than before the pandemic. In fact, we’ve seen an increase in demand of up to 25% for some cities.