Business Travel Will Never Bounce Back To Pre-Pandemic Levels, Studies Say

  • 📰 Forbes
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 53%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

More bad news for the airline industry:

puts on a brave face, acknowledging that the segment is growing slowly but noting “a limited upside.” With spending is only expected to surpass two-thirds of 2019 levels by the end of the year, the report’s authors conclude that “corporate travel will likely be smaller than it was prior to the pandemic.”First, says Deloitte Insights, “Changes in how work gets done look likely to limit corporate travel’s upside and alter the stakes of trips taken.

In addition, employees are simply less inclined to want to travel for work these days. In a 2021 Morning Consult survey, four in 10 American business travelers said they would never go on another work trip.Instead of getting on a plane, more employees who travel are choosing to stick to shorter trips within driving distance from their base.

Then there’s corporate belt-tightening. Nearly one-third of Morning Consult respondents said their companies had changed their business travel policies, either by reducing the number of business trips or by cutting back on which employees went on trips . More than half said companies are approving fewer trips and more closely scrutinizing travel expenses . More than 40% of travelers polled by Morning Consult saying they feel the changes are related to finances.

 

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:

 /  🏆 394. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Jenny Craig is going out of business | CNN BusinessJenny Craig, the weight-loss chain, has confirmed that it's shutting down for good.
Source: cnni - 🏆 326. / 59 Read more »