Business travel might be going out of style

Companies have made it a year and a half mostly without traveling for work — and now more and more of them are considering dramatically reducing business travel to slash costs and cut carbon emissions.

Why it matters: Business travel is a massive part of the global economy — with trillions of dollars and millions of jobs at airlines, hotels and travel agencies hinging on its return.

By the numbers: Corporate travel is coming back but is projected to remain at just 30% of 2019 levels by the end of 2021, according to a new Deloitte survey of travel managers at firms across industries.

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