[et_pb_section fb_built=”1″ fullwidth=”on” admin_label=”Header: WTTC Report” _builder_version=”4.11.4″ background_enable_image=”off” background_position=”top_center” collapsed=”on” global_colors_info=”{}”][et_pb_fullwidth_header title=”Adapting to Endemic Covid-19″ subhead=”the outlook for business travel” admin_label=”adapting to endemic covid-19″ _builder_version=”4.11.4″ title_line_height=”1.7em” subhead_line_height=”1.3em” background_color=”#414042″ background_image=”https:\/\/www.gdg.travel\/wp-content\/uploads\/2021\/11\/WTTC-blog-post-hero.jpg” z_index_tablet=”500″ global_colors_info=”{}” button_one_text__hover_enabled=”on|desktop”][\/et_pb_fullwidth_header][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”content” _builder_version=”4.11.4″ background_color=”RGBA(0,0,0,0)” border_color_all=”rgba(255,186,96,0.6)” border_width_right=”8vw” border_color_right=”#5b8cb1″ collapsed=”on” global_colors_info=”{}”][et_pb_row column_structure=”1_2,1_2″ admin_label=”Intro” _builder_version=”4.4.2″ collapsed=”on” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.0.6″ global_colors_info=”{}”][et_pb_text admin_label=”Intro” _builder_version=”4.11.4″ custom_margin=”0%||0%||true|false” custom_padding=”27px|||||” global_colors_info=”{}”]<\/p>\n
The business travel sector and its people are a resilient bunch and have made great strides in adapting to the circumstances brought on by the Covid-19 pandemic<\/b>. Given that the global context has changed so dramatically over the past 18 months, the World Travel & Tourism Council (WTTC<\/a>) has analysed the current context and through their recently published report offer a perspective on a potential path forward, specifically for business travel.<\/strong><\/p>\n The intention is for this report to play a part in highlighting opportunities for all stakeholders to collaborate in stimulating growth and aiding business travel\u2019s recovery.\u00a0<\/span><\/strong><\/p>\n Our own head of Gray Dawes Consulting<\/a>, Aman Pourkarimi, has studied the full report (so you don\u2019t have to!) and below presents the key takeaways, along with his own recommendations for all business travel\u00a0stakeholders.<\/strong><\/p>\n [\/et_pb_text][et_pb_divider show_divider=”off” _builder_version=”4.11.4″ _module_preset=”default” custom_padding=”5px||||false|false” global_colors_info=”{}”][\/et_pb_divider][et_pb_button button_url=”\/wp-content\/uploads\/2021\/11\/WTTC-Adapting-to-Endemic-Covid-Business-Travel-Outlook-011121.pdf%20″ url_new_window=”on” button_text=”read the full report” button_alignment=”center” admin_label=”button – WTTC Report download” _builder_version=”4.11.4″ _module_preset=”default” button_text_color=”#FFFFFF” button_bg_color=”#5B8CB1″ button_border_radius=”10px” button_icon=”%%72%%” button_icon_color=”#FFFFFF” global_colors_info=”{}” button_bg_color__hover_enabled=”on|desktop” button_bg_color__hover=”#5B8CB1″][\/et_pb_button][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.0.6″ global_colors_info=”{}”][et_pb_image src=”https:\/\/www.gdg.travel\/wp-content\/uploads\/2021\/11\/WTTC-thumbnail.jpg” alt=”WTTC Report” title_text=”WTTC-thumbnail” url=”\/wp-content\/uploads\/2021\/11\/WTTC-Adapting-to-Endemic-Covid-Business-Travel-Outlook-011121.pdf%20″ url_new_window=”on” admin_label=”image: report thumbnail” _builder_version=”4.11.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_5,3_5,1_5″ admin_label=”centre divider” _builder_version=”4.8.2″ collapsed=”on” global_colors_info=”{}”][et_pb_column type=”1_5″ _builder_version=”4.0.6″ global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”4.0.6″ global_colors_info=”{}”][et_pb_divider _builder_version=”4.4.2″ min_height=”20px” custom_margin=”45px||||false|false” global_colors_info=”{}”][\/et_pb_divider][\/et_pb_column][et_pb_column type=”1_5″ _builder_version=”4.0.6″ global_colors_info=”{}”][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=”quote – covid” _builder_version=”4.11.4″ background_color=”#e1eaed” collapsed=”on” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.4.2″ global_colors_info=”{}”][et_pb_text admin_label=”quote – COVID-19″ _builder_version=”4.11.4″ _module_preset=”default” custom_margin=”10%|25px|10%|25px|true|true” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_4,3_4″ admin_label=”General Impact” _builder_version=”4.11.4″ _module_preset=”default” collapsed=”on” global_colors_info=”{}”][et_pb_column type=”1_4″ _builder_version=”4.8.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_text admin_label=”Sub-Title” _builder_version=”4.11.4″ _module_preset=”default” header_2_font_size=”24px” custom_margin=”0%||0%||true|false” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][\/et_pb_column][et_pb_column type=”3_4″ _builder_version=”4.8.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_text admin_label=”text” _builder_version=”4.11.4″ _module_preset=”default” header_2_font_size=”20px” custom_margin=”0%||0%||true|false” global_colors_info=”{}”]<\/p>\n COVID-19 has had a major effect on Travel & Tourism, leading to financial losses of almost US$4.5 trillion and a loss of more than 62 million jobs. 55 and 75 percent of airline profits came from business travellers who made\u00a0up around 12 percent of all air passengers. Globally, leisure spending\u00a0decreased by 49 percent, and business spending decreased by 61 percent from 2019 to 2020. Analysis shows that in 2019, most large countries depended on business\u00a0travel for 20 percent of their tourism, 75 to 85 percent of which was domestic.<\/p>\n Looking ahead, it is likely that business travel recovery will vary by region, country, and industry. Business\u00a0travel may return faster in Asia than in many European and American markets, with recovery possibly taking place\u00a0in phases depending on dominant industry sectors.<\/p>\n In most European countries, business travel spending was equally split between domestic and international travel.\u00a0There were, however, some notable exceptions. France and Belgium were outliers, with business travellers spending more overseas\u00a0than at home; while Germany reflected more domestic business travel, with its business activities being spread across a few cities.\u00a0India and Brazil, on the other hand, had a higher share of business travel in their Travel & Tourism sectors overall.<\/p>\n 2019, China spent US$66 million on business travel\u00a0from industries including pharmaceuticals, manufacturing, and construction and South Korea spent US$56 million, compared to US$23 million in the UK, US$25 million in the US, and US$36 million in Brazil.<\/p>\n <\/p>\n [\/et_pb_text][et_pb_image src=”https:\/\/www.gdg.travel\/wp-content\/uploads\/2021\/11\/WTTC-graph.jpg” alt=”covid & business travel trends graph” title_text=”WTTC-graph” admin_label=”image: graph” _builder_version=”4.11.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][et_pb_text admin_label=”text” _builder_version=”4.11.4″ _module_preset=”default” custom_margin=”0%||0%||true|false” global_colors_info=”{}”]<\/p>\n ABOVE GRAPH<\/strong> – in the US, air ticket bookings show that leisure travel is driving the recovery, while corporate continues to lag.<\/p>\n The high share of small and medium-sized businesses,\u00a0amounting to approximately 80 percent of the sector, means that the risk of permanent business closure will remain [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=”quote – transactional view” _builder_version=”4.11.4″ background_color=”#e1eaed” collapsed=”on” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.4.2″ global_colors_info=”{}”][et_pb_text admin_label=”quote – Transactional View” _builder_version=”4.11.4″ _module_preset=”default” custom_margin=”10%|25px|10%|25px|true|true” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_4,3_4″ admin_label=”Impact per Region” _builder_version=”4.11.4″ _module_preset=”default” collapsed=”on” global_colors_info=”{}”][et_pb_column type=”1_4″ _builder_version=”4.8.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_text admin_label=”Sub-Title” _builder_version=”4.11.4″ _module_preset=”default” header_2_font_size=”24px” custom_margin=”0%||0%||true|false” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][\/et_pb_column][et_pb_column type=”3_4″ _builder_version=”4.8.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_text admin_label=”text” _builder_version=”4.11.4″ _module_preset=”default” header_2_font_size=”20px” custom_margin=”0%||0%||true|false” global_colors_info=”{}”]<\/p>\n According to WTTC\u2019s latest research, following a 61 percent decline in 2020, global\u00a0 Regional projections are as follows:<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_4,3_4″ admin_label=”Vaccine Rollout” _builder_version=”4.11.4″ _module_preset=”default” collapsed=”on” global_colors_info=”{}”][et_pb_column type=”1_4″ _builder_version=”4.8.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_text admin_label=”Sub-Title” _builder_version=”4.11.4″ _module_preset=”default” header_2_font_size=”24px” custom_margin=”0%||0%||true|false” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][\/et_pb_column][et_pb_column type=”3_4″ _builder_version=”4.8.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_text admin_label=”text” _builder_version=”4.11.4″ _module_preset=”default” header_2_font_size=”20px” custom_margin=”0%||0%||true|false” global_colors_info=”{}”]<\/p>\n The share of people fully vaccinated against COVID-19 ranges from less than 1 percent in Tanzania to 78\u00a0percent in the UAE. Countries such as China, Canada, and the UK have passed the 60 percent mark, and the US\u00a0is around 50 percent, but others such as India are lagging well behind this at 12 percent (as of September 2021).<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=”quote – technology” _builder_version=”4.11.4″ background_color=”#e1eaed” collapsed=”on” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.4.2″ global_colors_info=”{}”][et_pb_text admin_label=”quote – Transactional View” _builder_version=”4.11.4″ _module_preset=”default” custom_margin=”10%|25px|10%|25px|true|true” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_4,3_4″ admin_label=”Current Restrictions” _builder_version=”4.11.4″ _module_preset=”default” collapsed=”on” global_colors_info=”{}”][et_pb_column type=”1_4″ _builder_version=”4.8.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_text admin_label=”Sub-Title” _builder_version=”4.11.4″ _module_preset=”default” header_2_font_size=”24px” custom_margin=”0%||0%||true|false” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][\/et_pb_column][et_pb_column type=”3_4″ _builder_version=”4.8.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_text admin_label=”text” _builder_version=”4.11.4″ _module_preset=”default” header_2_font_size=”20px” custom_margin=”0%||0%||true|false” global_colors_info=”{}”]<\/p>\n The US plans to open inbound travel for fully vaccinated travellers from 33 countries, commencing in November this year. Countries include\u00a026 Schengen members, the UK, China, South Africa, Brazil, and India.<\/p>\n In Asia, Singapore currently allows travel from certain countries, with restrictions in place. All travellers entering or\u00a0transiting through Singapore, including Singaporean citizens and permanent residents, are required to take a pre-departure COVID-19 Polymerase Chain Reaction (PCR) test within 48 hours before the scheduled departure date of\u00a0their flight. Short-term visitors can only enter Singapore if they hold a valid approval entry pass, such as a vaccinated\u00a0travel pass. The country has a vaccinated travel lane that is currently open to travellers from Germany and Brunei but\u00a0may open to other countries such as Denmark, Canada, Italy, and Switzerland as well as the European Union in the\u00a0near future.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=”quote – 80%” _builder_version=”4.11.4″ background_color=”#e1eaed” collapsed=”on” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.4.2″ global_colors_info=”{}”][et_pb_text admin_label=”quote – 80%” _builder_version=”4.11.4″ _module_preset=”default” custom_margin=”10%|25px|10%|25px|true|true” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_4,3_4″ admin_label=”Forecast” _builder_version=”4.11.4″ _module_preset=”default” collapsed=”on” global_colors_info=”{}”][et_pb_column type=”1_4″ _builder_version=”4.8.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_text admin_label=”Sub-Title” _builder_version=”4.11.4″ _module_preset=”default” header_2_font_size=”24px” custom_margin=”0%||0%||true|false” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][\/et_pb_column][et_pb_column type=”3_4″ _builder_version=”4.8.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_text admin_label=”text” _builder_version=”4.11.4″ _module_preset=”default” header_2_font_size=”20px” custom_margin=”0%||0%||true|false” global_colors_info=”{}”]<\/p>\n Business travel may return faster in Asia than in many European and American markets, with recovery possibly taking place in phases depending on dominant\u00a0industry sectors.\u00a0<\/p>\n There are three categories that illustrate how different business sectors may influence business travel recovery:<\/p>\n Business travel recovery will also be influenced by proximity and reason for travel. In terms of proximity, regional\u00a0travel that can be completed by car will likely recover faster than domestic travel by air or train. International\u00a0business travel by air will likely be slowest to recover. Reason for travel will also affect recovery speed. In-person\u00a0sales or client meetings and essential business operations will be the quickest to recover, while internal meetings,\u00a0training programmes, and other small-group gatherings are not as urgent and may be delayed. Large industry\u00a0conferences, trade shows, exhibitions, and events will most likely be slower to recover given the large number of\u00a0people involved and associated health and safety concerns, the possibility of substituting these with virtual events,\u00a0and the dependence on bilateral or multilateral travel agreements between countries.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”Recommendations” _builder_version=”4.11.4″ _module_preset=”default” background_color=”#eaf2f7″ collapsed=”on” global_colors_info=”{}”][et_pb_row admin_label=”title” _builder_version=”4.11.4″ _module_preset=”default” collapsed=”on” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.11.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text admin_label=”title” _builder_version=”4.11.4″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n There are three areas of opportunity for business travel providers.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,1_3,1_3″ admin_label=”3 areas” _builder_version=”4.11.4″ _module_preset=”default” collapsed=”on” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.11.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text admin_label=”revenue model” _builder_version=”4.11.4″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n Companies could consider adjusting their revenue model, for instance by providing additional\u00a0transport or accommodation services. There may also be room to expand to B2C and B2B2C services. Different\u00a0ambitions and company strategies will obviously impact product strategy, pricing, loyalty, and sales strategy.<\/p>\n [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.11.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text admin_label=”geographic focus” _builder_version=”4.11.4″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n Border restrictions may make large domestic markets more attractive than before, especially\u00a0in Asia-Pacific. In some instances, travel providers could look to acquire new customers in new geographies.\u00a0Companies doing so may need to make strategic decisions around footprint and local language capabilities.<\/p>\n [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.11.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text admin_label=”digital service” _builder_version=”4.11.4″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n Digital and remote self-service are now considered ambitions across the sector, and any decisions made\u00a0on the target revenue model and footprint will impact these digital service models. An example of this would be whether\u00a0to build a detailed B2B2C CRM, or choosing between communications platforms, such as iMessage and WhatsApp.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” disabled_on=”off|off|off” admin_label=”CONSULTING promo” module_id=”safety” _builder_version=”4.11.1″ _module_preset=”default” use_background_color_gradient=”on” background_color_gradient_start=”rgba(255,255,255,0)” background_color_gradient_end=”#ee7232″ background_color_gradient_direction=”90deg” background_color_gradient_start_position=”30%” background_color_gradient_end_position=”50%” background_color_gradient_overlays_image=”on” background_image=”https:\/\/www.gdg.travel\/wp-content\/uploads\/2020\/11\/Consulting-brand-image.jpg” custom_margin=”||||false|false” custom_padding=”120px||120px||true|false” custom_padding_tablet=”” custom_padding_phone=”30px||60px||false|false” background_color_tablet=”#5B8CB1″ background_last_edited=”on|tablet” background_enable_color_tablet=”on” use_background_color_gradient_tablet=”off” background_enable_image_tablet=”off” locked=”off” collapsed=”on” global_colors_info=”{}”][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.10.6″ _module_preset=”default” max_width=”1800px” custom_padding=”0px||0px|||” collapsed=”off” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.10.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/www.gdg.travel\/wp-content\/uploads\/2021\/09\/GD_CONSULTING_logo_web_hero_980x725.png” alt=”Gray Dawes Consulting logo” title_text=”GD_CONSULTING_logo_web_hero_980x725″ url=”https:\/\/consulting.gdg.travel” align=”center” admin_label=”image: Consulting logo” _builder_version=”4.10.6″ _module_preset=”default” max_width=”60%” module_alignment=”center” custom_padding=”120px|||||” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.10.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.11.4″ _module_preset=”default” header_text_color=”#FFFFFF” header_3_text_color=”#FFFFFF” custom_margin=”0%||5%||false|false” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.11.4″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n Gray Dawes Consulting is an impartial, in-house team of experienced travel data experts who combine 90 years of experience, market-leading tools and analytical thinking to drive corporate travel booking efficiencies, cost savings and traveller satisfaction.<\/span><\/p>\n Our approach is to fully understand a client\u2019s organisation; its culture, employees and business objectives, which helps us make informed, realistic, achievable and measurable recommendations about enhancing your travel programme.<\/span><\/p>\n We typically deliver up to 22% in savings by looking at 28 KPI levers surrounding costs. So, if driving value is your goal then our holistic approach is designed to assess and measure efficiencies at every step of the booking process.<\/span><\/p>\n We make sure we have every eventuality covered to ensure your travel programme operates more efficiently through change.<\/span><\/p>\n<\/div>\n<\/div>\n [\/et_pb_text][et_pb_button button_url=”https:\/\/consulting.gdg.travel” url_new_window=”on” button_text=”START YOUR JOURNEY” _builder_version=”4.10.6″ _module_preset=”default” button_text_color=”#EE7232″ button_bg_color=”#FFFFFF” global_colors_info=”{}” button_border_radius__hover=”0px” button_border_radius__hover_enabled=”on” button_bg_color__hover=”#6D6E71″ button_bg_color__hover_enabled=”on” button_border_color__hover=”#6D6E71″ button_border_color__hover_enabled=”on” button_letter_spacing__hover=”0px” button_letter_spacing__hover_enabled=”on” custom_padding__hover_enabled=”on|hover” custom_padding__hover=”||||true|false” button_text_color__hover_enabled=”on|hover” button_text_color__hover=”#FFFFFF”][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”back button” _builder_version=”4.4.2″ custom_padding=”30px|0px|75px|0px|false|false” border_color_all=”rgba(255,186,96,0.6)” border_width_right=”8vw” border_color_right=”#5b8cb1″ collapsed=”on” global_colors_info=”{}”][et_pb_row column_structure=”2_5,3_5″ admin_label=”CTA” _builder_version=”4.4.2″ custom_margin=”2px|auto||auto|false|false” custom_padding=”90px|0px|90px|0px|true|false” use_custom_width=”on” global_module=”8310″ collapsed=”on” global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/www.gdg.travel\/wp-content\/uploads\/2020\/06\/Traveller-Toolkit-Original-Image.jpg” url=”http:\/\/toolkit.gdg.travel” _builder_version=”4.11.2″ global_colors_info=”{}”][\/et_pb_image][et_pb_button button_url=”http:\/\/toolkit.gdg.travel” url_new_window=”on” button_text=”visit the TRAVELLER TOOLKIT” button_alignment=”center” admin_label=”button: Traveller Toolkit” _builder_version=”4.11.2″ button_icon=”%%126%%” button_icon_color=”#ffffff” animation_style=”none” global_colors_info=”{}”][\/et_pb_button][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”text CTA” _builder_version=”4.4.2″ global_colors_info=”{}”]<\/p>\n To help you navigate the changes of business travel, we\u2019ve created the brand-new Traveller Toolkit<\/strong><\/a>. This invaluable online resource is packed full of easy-to-use guides and checklists for every stage of every journey. We detail exactly what you need to know and do before, during and after your trip.<\/p>\n You\u2019ll also find innovative and interactive virtual trips<\/a><\/strong>, which walk you through each step of\u00a0 being at the airport, on the train and in the hotel. You can even check the travel restrictions and health status of your destination with our comprehensive COVID-19 Country Tracker, updated five times daily to ensure you have the very latest information to help keep you and your travellers safe.<\/p>\n Travel is changing. With common sense and a good TMC behind you, travellers can have the confidence to once again take to the skies. It\u2019ll soon be back business<\/em> as (un)usual.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=”back button” _builder_version=”4.0.6″ custom_padding=”55px|0px|55px|0px|true|false” use_custom_width=”on” collapsed=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_divider _builder_version=”4.0.6″ global_colors_info=”{}”][\/et_pb_divider][et_pb_button button_url=”\/back-to-business\/” button_text=”back to business… travel” button_alignment=”center” admin_label=”button: back to business… travel” _builder_version=”4.4.2″ button_icon=”%%23%%” button_icon_color=”#ffffff” button_icon_placement=”left” global_colors_info=”{}”][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”Footer” _builder_version=”4.4.2″ background_color=”#414042″ background_color_gradient_direction=”90deg” 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COVID-19 has had a major effect on Travel & Tourism, leading to financial losses of almost US$4.5 trillion and a loss of more than 62 million jobs. But there are signs that the sector is beginning to recover, with global travel spending on the rise.<\/b><\/h5>\n<\/blockquote>\n
General Impact<\/h4>\n
if travel restrictions continue.<\/p>\n\n
Many people take a transactional view of\u00a0business travel\u2014if it doesn\u2019t result in a deal, it has no value. This is so simplistic. A lot of business travel is about\u00a0building relationships and building a culture. Creating an organisation that attracts, retains, and develops the best\u00a0talent. Creating an organisation that\u2019s tolerant and has an understanding of different cultures and can operate on a\u00a0global stage. That learning comes from travelling.<\/b><\/h5>\n<\/blockquote>\n
Impact Per Region<\/h4>\n
business travel spending is expected to rise by 26 percent this year and by 34 percent in 2022, implying a recovery to\u00a066 percent compared to 20195 In a few regions, business spending growth is set to be faster than leisure spending this\u00a0year.\u00a0<\/p>\n\n
In Asia-Pacific, business spending is set to rise by 32 percent this year, and 41 percent next year.<\/li>\nVaccine Rollout<\/h4>\n
\n
At every step of the journey of innovation and technological advances, we end up with\u00a0more demand for travel – not less.<\/h5>\n<\/blockquote>\n
Current Restrictions<\/h4>\n
\n
Most predictions about how technology will change the world have usually ended up\u00a0being incorrect. Technology has increased the pace of business and the time to do the deal has been cut by 80% \u2014 but there are 80% more deals.<\/h5>\n<\/blockquote>\n
Forecast<\/h4>\n
\n
Recommendations<\/h4>\n
Revenue Model<\/strong><\/h5>\n
Geographic Focus<\/strong><\/h5>\n
Digital Service<\/strong><\/h5>\n
TAKE THE FINAL STEP<\/strong><\/h3>\n
TO BETTER TRAVEL<\/strong><\/h3>\n
JOURNEY NOW …\u00a0<\/span><\/h2>\n
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