The abrupt halt of global travel during the COVID-19 crisis, aside from delaying personal trips and vacations, has had a major impact on businesses across sectors. Companies with workforces used to frequent travel—along with the airlines and hotels that depend on revenue from that travel—have been particularly affected. As companies continue to enforce travel restrictions and workers resort to virtual meetings, travelindustry players are looking to rebound from the crisis, but it may be a years-long road to recovery.
Our latest research shows that, historically, business travel rebounds from crises at a slower pace than leisure travel.
As outbreaks in some regions stabilize and travel resumes, travel providers can work to accommodate changing needs and, in turn, boost customer confidence.
see the complete report attached