The business travel recovery is slipping as the year winds down.

After a flattening in the spring and a pop in early fall, industry data in recent weeks showed declining volumes relative to 2019's baseline. The rapid rebound in early 2022 is a memory and corporate volumes remain well below the peak from three years ago. What many expected to be something like 80 percent recovered by this point is closer to 60 percent, according to some measures.

Part of the reason is . . .

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