Business travel will never return – Vophs

Tourism industry Extensively restored This summer when people are tired of staying close to home during the pandemic. Seized the opportunity Travel.

But there is business travel Return yet to pre-pandemic levels. A recent report by the Global Business Travel Association states that while Business travel expenses increased by 5.5 percent At $697 billion year-over-year in 2021, this figure is still lower than the $1.4 trillion spent on business travel in 2019.

A new report suggests the decline in suitcase-stuffing travelers may be permanent. Among those who traveled for work at least three times a year before the pandemic, two in five Americans say they never expect to travel for business again, a new in accordance. Reports Decision by intelligence company Morning Consult. The report surveyed more than 16,000 people in the Americas, Europe and the Asia-Pacific region between October 2021 and summer 2022.

The decline in business travel appears to be even more pronounced in Europe, with 55% of respondents in the UK and 59% in France saying they would not travel for work again.

In contrast, people in India, China and Brazil are more likely to see business travel in the future. But overall, according to the report, “it is now undeniable that business travel will never return to pre-pandemic normalcy.”

How the pandemic changed business travel.

The Morning Consult report doesn’t dive into the reasons for the decline in business travel. But there are a number of good theories about why people are taking fewer business trips—and a few important caveats.

A major reason why business travel has lagged behind leisure travel in the wake of the pandemic is that people have adjusted to video conferencing and hybrid work. Now that we know how much work can be done on Zoom, the benefits of in-person interactions may not be worth the trade-off of flights to see clients and coworkers. “I think about my lost productivity and personal time, my boss’s money and the pollution from my airplane,” Farhad Manjoo said in the New York Times last year, reflecting on his earlier How long are epidemics of business? Now seem unnecessary..

Corporate Belt Tightening Business trips are also becoming less common, especially given (possibly overstated) concerns about high inflation and recession. Moreover, environmental concerns are making companies less cavalier about it. Carbon effects of business travel, according to a recent report by the Global Business Travel Association. And international business travel is complicated by China. Covid-19 Lockdown And Quarantine policies which vary from country to country.

But companies aren’t abandoning business travel entirely. They’re just being more selective about when, and why, they send workers out.

A recent New York Times Reports found that while individual business trips have been affected in the wake of the pandemic, companies are still happy to spend on travel to conferences and conventions. Meanwhile, consulting firm AlixPartners says companies are cutting back on sending workers out for internal meetings. Preferring FaceTime with clients instead. Still, AlixPartners predicts that business travel will continue. 15-25% below pre-pandemic levels At least until 2025.

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