Business travel fixes risk grounding recovery

  • 📰 Breakingviews
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The industry of selling expensive plane tickets and hotel rooms to itinerant executives faces a bleak future as firms cut travel budgets. Making ordinary customers pay more would bolster margins but may dampen an already slow revival, says aimeedonnellan

HSBC plans to halve its travel budget this year, according to a person familiar with the matter. The bank is encouraging its workers to take longer trips when they do travel and to opt for virtual alternatives for short trips to save on costs.

InterContinental Hotels said on Aug. 10 that corporate bookings were coming back. However, the owner of Holiday Inn hotels said business trips and group bookings will take time to recover fully.A passenger is pictured at Zaventem international airport near Brussels, Belgium, December 20, 2010.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 470. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tech industry is blowing millions of dollars making work from home worseOpinion | The tech industry is blowing millions of dollars to make work from home into a worker-surveillance dystopia. By edzitron edzitron good piece. ((sigh)) the soul killing [and fatally flawed] surveillance software you write about makes me think of the Boots Riley film “Sorry to bother you” —
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stocks making the biggest moves after hours: Salesforce, Williams-Sonoma, Snowflake and moreSee which stocks are posting big moves after the bell on Wednesday. August 25. FUCK USA
Source: CNBC - 🏆 12. / 72 Read more »