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Change in TripActions business travel spending

Data: TripActions; Chart: Erin Davis/Axios Visuals 

SAN FRANCISCO — Business travel broke records the week after Labor Day, according to a new TripActions report.

Driving the news: There's been a nearly 6x increase in trip bookings and spend for travel starting between Sept. 1 and Nov. 19, compared to a year ago.

What's happening: Remote work scattered offices, which means companies have to spend big to bring people back together.

Team travel bookings grew 73% in August from July.

Team off-sites and on-sites now represent 38% of business travel use cases.

Let's call it revenge business travel

Companies are calling workers back for larger meetings.

Travel

SAN FRANCISCO — Business travel broke records the week after Labor Day, according to a new <a class="gtmContentClick" data-vars-link-text="TripActions report" data-vars-click-url="https://tripactions.com/blog/tripactions-fall-business-travel-preview-2022" data-vars-item="in_content_link" href="https://tripactions.com/blog/tripactions-fall-business-travel-preview-2022" target="_blank">TripActions report</a>.Driving the news: There&#x27;s been a nearly 6x increase in trip bookings and spend for travel starting between Sept. 1 and Nov. 19, compared to a year ago.

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

Let's call it revenge business travel

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