Businesses are slowly spending more on conferences and events, and although leisure travel is also increasing, it remained more stable during the recession thanks to ultrawealthy travelers.
Luxury travel, even for business, continues its comeback from the depths of the recession, the industry is finding.
But an erratic economy is making for a slow and spotty return that remains below the highflying days before the financial collapse of 2008.
The…elite business travelers served by high-end travel service Ovation Travel, for instance, are buying just 3% more first-class airline tickets this year than they were last year, according to Ovation senior executive Michael Steiner.
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