4 key findings of the U.S. corporate travel market in less than 1 minute

Economic activity plummeted in 2Q20, leading global and U.S. GDP for the full year to contract more than 4%. Now more than a year into the pandemic, with vaccinations underway, the world is looking ahead to recovery. In 2021, Global GDP is expected to expand 5.2%, as the U.S. economy grows 3.1%. Continued economic expansion is expected through 2024 as the recovery continues, with U.S. growth trailing the global average.

Here are 4 key findings from the latest Phocuswright research report U.S. Corporate Travel Report 2020-2024:

Phocuswright's U.S. Corporate Travel 2020-2024 assesses the current state of the U.S. corporate travel market and anticipates how managed corporate travel will develop in the years to come. Based on a combination of executive interviews, a survey of travel managers and a comprehensive market sizing exercise, this Phocuswright travel research report explores the state of the U.S. corporate travel market, including sizing and projections through 2024.

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