Today, cancellations are less common (Jan 2021 recorded a 24% bookings-to-cancellations ratio, compared to the 334% we saw in March 2021) however, any one company could still hold hundreds of thousands of dollars of unused ticket value, as they deliberate the timing of restarting non-essential work travel.
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Businesses could hold $400K in unused travel tickets
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Tourism industry revival on cards as special interest tourism set to rise at 22.4%
Travel in 2021 will be better and worse than you think
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Special report: A clean start to hotel distribution post COVID-19
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