Sabre: Corporate Volume Still Down 80 Percent, Likely Stalled Until 2021

Leisure travel bookings continue to recover faster than corporate, which remains down 80 percent year over year, according to Sabre. Speaking with analysts on Friday, Sabre president and CEO Sean Menke said, "We don't see corporate bookings starting to recover until 2021."

He pointed to intense focus on duty of care and the impact of remote conferencing tech.

Down 80 percent is better than the peak reduction of near 100 percent earlier in the year. "We have to be patient," Menke said. "I do believe we'll see corporate travel recovery over a period . . .

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Author: David Jonas

David Jonas in 2006 co-founded business media firm after ten years as a journalist with Business Travel News. David rejoined BTN in 2010 as executive editor when its parent company acquired ProMedia, and in 2014 co-created The Company Dime. David has a bachelor's degree in communications from Cornell University.
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