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The resumption of business travel around the world is shaping up to take longer than expected and most likely they will return to pre-pandemic levels only in 2026, not 2024. This is what the World Business Travel Association (GBTA) warns. ) in its annual report for 2022, cited by France Press.

The recovery has run into difficulties, forcing it to push back projections for a full recovery to 2026 instead of 2024, as previously expected, the association, which is headquartered in Alexandria, Virginia, said.

SABP highlights that many conditions for the recovery of the sector after the covid pandemic have improved, but at the same time many macroeconomic conditions have deteriorated rapidly in early 2022.

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In 2019, global spending related to business travel reached $1.4 trillion.

They more than halved in 2020 under the impact of the pandemic to $661 billion, then rose slightly in 2021 to $697 billion.

It is expected that in 2022 they will reach 933 billion dollars (+33.8 percent), but with large differences depending on the regions, SABP specifies.

The U.S. led the rise in 2021, while Western Europe was the only region to see a drop in spending last year due to the effects of COVID-19.

The organization predicts a stronger recovery for both regions this year.

The recovery in the Asia-Pacific region in 2021 was strong, driven by China, but there was a reversal in 2022 due to the "zero covid" policy, as well as the slower opening of other countries in the region.

In Latin America, the slower pace of vaccinations has slowed the sector's recovery.

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