Sunday, October 17, 2021

Iata AGM: Business travel to bounce back by end of 2022, Emirates’ Tim Clark says

Covid-19 crisis likely to be ‘history’ by 2023, Dubai airline chief says

Demand for business travel is expected to rebound by the end of 2022, Emirates’ president Tim Clark said.

“I believe business travel will come bouncing back by the end of next year,” Mr Clark said during a panel at the International Air Transport Association’s annual general meeting in Boston on Monday.

Demand will be “very, very strong” in 2023, 2024 and 2025, he said.

Mr Clark also expected the Covid-19 crisis to end by 2023, barring the emergence of any new virus variants.

“I would say that probably by the end of next year and certainly into 2023, this will be history, unless there’s another variant,” he said.

The bullish forecast on business travel is significant because analysts expect it to recover more slowly than leisure trips.

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