Corporate Travel Backdrop Seen Improving -- Market Talk

Dow Jones05-15 20:20

0820 ET - Spending on corporate travel looks like it's improving, according to Melius Research in a note. The firm's measure, which weighs the top 100 corporate travel spenders' earnings revisions by what each spent on travel in 2024, shows trends were positive through the fall and into early this year before surging in April's earnings season, with tech players like Alphabet, Amazon, Meta and Apple contributing most given meaningfully better 2026 outlooks. "Real-time data is confirming what the revisions suggest," analysts Conor Cunningham and Patrick Coleman say, noting recent commentary from airlines like Delta and Alaska as well as hotel companies like Marriott and Hyatt. The improving trends align with commentary from Hilton, which noted the U.S. economy continues to benefit from infrastructure spending, the CHIPS Act, and AI-driven capital expenditures. "Those spending dollars are finding their way into travel," the analysts say.(kelly.cloonan@wsj.com)

(END) Dow Jones Newswires

May 15, 2026 08:20 ET (12:20 GMT)

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