Business travel trips from the U.K. to 10 key countries were off by 314,477, or 85 percent, compared to the same week in 2019, the group concluded.
The markets contemplated by the report are: United States, China, United Arab Emirates, Republic of Ireland, Netherlands, Spain, Switzerland, France, Germany and Singapore.
The biggest drops for the most recent week measured compared with the pre-Covid August 2019 week were from travel lost with Ireland, which resulted in a $753 million drop, and Germany, which saw a $519 million drop in U.K. GDP production for the week.
The GDP effect of lost travel to and from China was only $48 million for the 2021 week compared with the 2019 week. The Singapore-related hit, however, was $295 million.
The report put the U.K. GDP hit from lost business travel within the U.K. at $942 million for the 2021 week compared with the 2019 week.
Advertisement: Scroll to Continue
A concrete measure of travel — business and leisure combined — to and from the United States continues to show gradual improvement. The federal Transportation Security Administration’s checkpoint figures updated daily through Saturday show travel hovering between 15 and 20 percent below 2019 levels for comparable days. The daily figure was around 70 percent for February 2021 compared to February 2019 but has been sliding more-or-less steadily since then.
