Travel Industry Insights: SMEs And Domestic Travel May Lead To Business Travel Recovery
Border rules, duty of care, corporate budgets, fewer routes, tech alternatives and sustainability concerns will impact the recovery Small-and-medium enterprises and domestic trips for work are among the potential drivers for a near-term recovery in business travel, a segment hit hard by the pandemic, according to industry experts. Factors that could speed up business travel's recovery include reopening borders, accelerating Covid-19 vaccine campaigns, brighter global economic growth, so-called "Zoom fatigue" and companies seeking face-to-face meetings with clients to get a competitive edge over rivals, Derek Sadubin, managing director of CAPA Centre for Aviation, said during a CAPA Live event in 2021. On the flip side, employers' hesitancy to get back on the road, employee duty of care, tighter corporate travel budgets, including the use of travel agents for business , and companies' paying greater attention to their carbon footprint could drag down the segment,