Business travel as we’ve known it is history, a blow to the airline and hospitality industries!

Sophisticated communication technologies have really changed compagnies thinking in terms of productivity and making many pre-pandemic-era business trips history. Fact is about 30% of normal commercial air traffic is corporate-related but only half of that is likely mandatory... therefore worldwide large businesses a cutting travel budgets between 20% and 40%, with about two in three slashing both internal and external in-person meetings.

Leonard Favre on Asharq Bloomberg TV / September 1, 2021
#airlines #aviation #bloomberg asharq