Don't expect business travel to bounce back anytime soon, start-up founders say

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Business travel will take longer to recover compared to leisure travel as corporations have now shifted to virtual modes of meeting.

The coronavirus pandemic has forced industries to rethink how they do business, resulting in a "new normal" that's here to stay, according to two start-up founders.

Founder & President of PKFare Jason Song, Co-founder and Chief Business Officer of PingPong Payments Ning Wang speak during Day 2 of CNBC East Tech West at LN Garden Hotel Nansha Guangzhou on November 18, 2020 in Nansha, Guangzhou, China.The coronavirus pandemic has forced industries to rethink how they do business, resulting in a "new normal" that's here to stay, according to two start-up founders.

Wang explained that there has also been a category shift in the kind of things that are now being sold online.

 

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Let be honest, business travel should be a thing of the past. Technology has proven that.

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