Good morning.
The amount of time I’ve spent on airplanes and in airports over the past year has led me to buy into the idea of "revenge travel.” With the pandemic largely behind us, everyone seems to be going everywhere all at once.
But a report out this morning from the folks at Deloitte (which sponsors this newsletter) reveals a more complex picture. (CEO Daily got an exclusive early peek.) While leisure travel surpassed its pre-pandemic highs many months ago, business travel remains depressed and isn’t expected to fully return to pre-pandemic levels until the end of 2024. Some interesting takeaways from report, which is based on a survey of corporate travel managers in the U.S. and Europe:
