Business travel has disappeared. Will it ever come back?
3 years, 7 months ago

Business travel has disappeared. Will it ever come back?

CNN  

London CNN Business — Book tickets. “For a lot of people, frequent business travel has become more of a burden than a perk,” said Scott Cohen, a professor at the University of Surrey in England who studies business travel. Travelers walk through Ronald Reagan National Airport in Washington, D.C. Andrew Harrer/Bloomberg/Getty Images The International Air Transport Association, which represents 290 airlines around the world, expects business travel to bounce back more slowly than vacations because companies reduced travel budgets during the pandemic and online conferencing will replace some meetings. In the United Kingdom, where the government eased restrictions Monday on international travel, airline bosses acknowledged the challenges facing business travel but said they still expect a full recovery. So I am confident that that segment will recover.” Suzanne Neufang, CEO of the Global Business Travel Association, said that business travel was “declared dead” following the 2008 financial crisis but eventually made a full recovery despite advances in technology that made video conferencing easier.

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History of this topic

Remote work isn't killing business travel – it's transforming it
11 months, 3 weeks ago

Remote work isn't killing business travel – it's transforming it

BBC  

Remote work isn't killing business travel – it's transforming it Alamy Business travel is poised to bounce back – but the demographic travelling will be different in a remote-work world The days of in-person client meetings may be waning, but employees are setting out on corporate trips for new reasons. Yet some experts believe that as people settle into the …

Europe’s airlines lose grip on business travel rebound
1 year, 4 months ago

Europe’s airlines lose grip on business travel rebound

Hindustan Times  

Europe’s long-awaited recovery in corporate travel keeps getting pushed back. Europe’s airlines lose grip on business travel rebound Since the end of the coronavirus pandemic, the region’s biggest airline groups have been counting on corporate warriors to head back to the skies. Although most airlines didn’t expect business travel to fully recover post-pandemic, they predicted it would bounce back to …

Business Highlights: Business travelers, drifting stocks
2 years, 3 months ago

Business Highlights: Business travelers, drifting stocks

Associated Press  

___ Airlines count on business travelers to keep recovery going DALLAS — The summer vacation season is winding down, and for airlines that means the return of business travelers is very important. ___ Stocks drift lower, extending losses into 4th straight week NEW YORK — Stocks drifted lower on Wall Street, extending the market’s losses into a 4th straight week. …

Airlines count on business travelers to keep recovery going
2 years, 3 months ago

Airlines count on business travelers to keep recovery going

Associated Press  

DALLAS — With summer vacations winding down, airlines are counting on the return of more business travelers to keep their pandemic recovery going into the fall. The Global Business Travel Association recently predicted that corporate travel won’t fully return until mid-2026, 18 months later than the trade group had previously forecast. That is slowly building back.” Conventions and other big …

It’s ‘business’ as usual for airlines
2 years, 6 months ago

It’s ‘business’ as usual for airlines

The Hindu  

When the pandemic forced officer-goers to work remotely, much of the corporate travel ground to a halt. IndiGo, which controls 56% of the aviation market, saw 100% recover in corporate or business travel in April and May and expects the demand for it to soon exceed pre-pandemic levels, according to its Chief Strategy and Revenue Officer, Sanjay Kumar. "From the …

When will business travel return?
2 years, 10 months ago

When will business travel return?

LA Times  

Southwest Airlines Co.’s top executive hinted in an earnings call that business travel might not recover as quickly as anticipated a year ago. Southwest Airlines Co.’s top executive rued the slow rebound in business travel in an earnings call Thursday and hinted that the pace of recovery may continue to be slower than some industry veterans anticipated a year ago. …

Travel is back, but Omicron could change everything
3 years ago

Travel is back, but Omicron could change everything

CNN  

New York CNN Business — Just when US airlines thought they were on the verge of profitability again, along came the Omicron variant to put those hopes in doubt. But the plans for international travel and business travel, I would imagine there will be a wait and see attitude on those,” said Philip Baggaley, chief credit analyst for airlines at …

Business travelers, expect more Zooms and few trips this fall
3 years, 3 months ago

Business travelers, expect more Zooms and few trips this fall

Live Mint  

The return to work isn’t happening as expected this fall. Business travel isn’t all salespeople on the road meeting with clients and pursuing new ones, or people attending conventions and trade shows. HRS Group, a London-based business travel company that helps big companies negotiate discounts at hotels, says it believes business travel next year will be down 30% compared with …

As airlines flirt with profitability, analysts say it’s time for investors to climb aboard
3 years, 5 months ago

As airlines flirt with profitability, analysts say it’s time for investors to climb aboard

CNN  

New York CNN Business — The US airlines reported yet another round of quarterly losses. Of the 140 recommendations on the nation’s eight largest airline stocks by airline analysts, more than half were “buy” or “strong buy” recommendations. While Delta said leisure travel is back and actually up from pre-pandemic levels, the most lucrative part of the airlines business is …

Planes are filling up and tickets are very expensive
3 years, 7 months ago

Planes are filling up and tickets are very expensive

CNN  

New York CNN Business — Americans making summer vacation plans are about to find airfare costs are near or even above pre-pandemic levels, according to the nation’s major airlines. “Domestic leisure will be 100% restored by June, with … bookings ahead of 2019 levels and yields essentially recovered,” said Glen Hauenstein, president of Delta Air Lines, speaking at the Wolfe …

Opinion: Despite big travel numbers, airlines aren’t roaring back yet
3 years, 8 months ago

Opinion: Despite big travel numbers, airlines aren’t roaring back yet

CNN  

Editor’s Note: Tom Stalnaker is the leader of Oliver Wyman’s global aviation practice and a partner. Leisure air travel in the United States is on track to recover much more quickly than originally expected, thanks to the expedited distribution of vaccines, recent Covid-19 relief and economic stimulus legislation and pent-up demand. That’s because no previous crisis has undermined corporate travel …

Covid-19’s blow to business travel is expected to last for years
3 years, 11 months ago

Covid-19’s blow to business travel is expected to last for years

Live Mint  

The coronavirus pandemic delivered a lingering, and possibly permanent, hit to business travel that is likely to weigh on employment and economic growth in some communities for years. Domestic and international business travelers in the U.S. directly spent $334.2 billion in 2019, supporting 2.5 million jobs, according to the U.S. Travel Association. Delta Air Lines Inc. Chief Executive Ed Bastian …

2020, the year the world stayed home and travel changed forever
3 years, 11 months ago

2020, the year the world stayed home and travel changed forever

India Today  

2020 will forever be known in the travel industry as the year we hit the pause button. But then, as the global pandemic shut borders and forced people to stay inside their homes to control the spread of Covid-19, the travel industry took a major hit. TRAVEL INDUSTRY SUFFERED A MAJOR SETBACK The travel industry reported millions in losses this …

From restaurants to retailers, virus transformed economies
4 years ago

From restaurants to retailers, virus transformed economies

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Within weeks, he’d changed his mind, broke Thimble’s lease …

From restaurants to retailers, virus transformed economies
4 years ago

From restaurants to retailers, virus transformed economies

Associated Press  

NEW YORK — It would be just a temporary precaution. “We’ve pivoted so much.” Optimistically, some experts detect a collective hunger to return to the old ways, at least for people with the means to do so — to the familiar and comfortable routines of gathering at bars, dining in restaurants, strolling in stores, flying off on vacation. “I don’t …

Airlines will struggle long after passengers feel safe to fly again
4 years, 1 month ago

Airlines will struggle long after passengers feel safe to fly again

CNN  

New York CNN Business — The Covid-19 pandemic has caused the worst financial crisis in the history of the airline industry. “Business travel typically falls farther and takes longer to recover,” said Adam Sacks, president of Tourism Economics. “We have to assume that business travel will be lighter for a long time,” said Southwest CEO Gary Kelly in an interview …

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