Business travel resuming for many after pandemic-related cuts

As more people get vaccinated against COVID-19 and companies settle into a new rhythm, some business leaders say they are ready to resume travel. 

In the AICPA’s Business and Industry Economic Outlook Survey for the second quarter, 34% of respondents said they have already returned to pre-pandemic levels of travel or plan to do so by the end of the year. Another 29% said the change will occur in the next 12 months.

The survey was conducted between April 27 and May 24 and included more than 770 CPAs, mostly CEOs, CFOs, and controllers. 

According to the survey, there is more hesitancy regarding global travel, with 28% saying they were easing restrictions on domestic travel but keeping restrictions in place for international trips. 

Some leaders say they saved a lot of money on travel during the pandemic — and, in many cases, spent more on technology — but the savings aren’t enough to make up for in-person interactions and professional…

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