Credit Rating Agencies Forecast 2021 Travel Revenues To Be Below 2019

Analysts at Fitch Ratings expect business travel volumes to return to pre-pandemic levels around 2023 or 2024 following a “moderate recovery in travel demand beginning in 2021, with revenues in 2021 roughly 20 percent below 2019 levels.” The credit rating agency slightly downgraded its assessments of CWT’s credit risk and affirmed a negative rating outlook.In addition to downgrading CWT’s debt…

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Jay Campbell

Before starting The Company Dime with David Jonas in 2014, journalist Jay Campbell a decade earlier created travel business newsletter The Beat. In 2006, Jay co-founded Travel Procurement magazine and in 2010 helped integrate them with Business Travel News. He served as BTN's editorial director until 2013. Jay made his travel industry media debut in 1993 at the Air Travel Journal of Boston while earning his undergraduate degree in journalism at Boston University. He would be happy to connect on LinkedIn. He's here at CorporateTravel.social on Mastodon.