Business travel may never fully recover from covid-19

  • 📰 TheEconomist
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In 2019 $1.3trn was spent on business travel. But the pandemic has hit corporate jaunts hard. Will they ever make a full return?

staff still trot the globe. Bosses of big companies often spend more time in corporate jets than with their families. At lower altitude workers travel to fit out factories, attend trade shows and conferences, launch new products or meet clients. Business class is a recent arrival. Airlines pitched it between first and economy class only in the late 1970s. Such travel has grown a lot in the past 25 years.

Every knock that travel has taken in recent decades has been followed by similar predictions of permanent decline. Each time it has failed to materialise. Why is this time different? Vaccines, fast-testing regimes and the dropping of travel bans might yet open the door for leisure travel. But Zoom, Google hangouts, Skype and other video-conferencing services have a better chance of permanently replacing business-class tickets, for several reasons.

 

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Agreed, with more people being comfortable with virtual meetings and desirous of balancing their life & pursuing passions, lower business travel is certainly going to be an increasing and welcome trend

UN, BillGates et other billionaires and private jets, where were you all in 2010 speaking about global warming? Now you know why Oumuamua did not stop to say hello.

Let's hope it will go down even further.

That will definitely save businesses a lot of money.

I don't remember voting for Bill Gates to be ruler of all things and the decision maker for the whole world! Bill Gates doesn't decide who gets to travel and what we eat! I don't care if he buys up all of the farm land in the U.S. he will never stop us from eating real meat!

Hopefully it'll be more than over 50%.

Good.

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But how else can people of managerial grade feel superior to their workforce?

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That is, of course, the point.

Cuz he owns a private jet airline 😂. Be real

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