TripActions, the travel management platform, is showing year-over-year business travel bookings between Sept. 1 and Nov. 19, 2022, that are six times higher than the same period last year. The data comes from the TripActions Fall 2022 Business Travel Preview. Additionally, the week following Labor Day — when business travel historically sees a seasonal uptick — broke TripActions’ largest booking and travel spend records, with a 28% week-over-week increase. The preview also showed:

• After a flat early summer, travel spend jumped 27% in August over July, with another 30% increase projected in September.

• Airfares in both the US and European Union are now lower than in the same period in 2019.
Team travel bookings jumped 73% in August, as an increasingly global workforce looks to strengthen company culture.

• Connecting distributed teams was the No. 1 reason for business travel.

• Trips per company and travelers per company are on the rise.

• Engineering, marketing and product teams continue to increase share of bookings.

• Business and leisure trips continue to blend, with 35% of business travel bookings now including a weekend.