Travel / Industry

Remote workers say they will likely cut back on business travel after the pandemic, but hotels will need them more than ever

Posted On: Apr 23, 2021   |   Posted By: Business Insider

Remote workers say they will likely cut back on business travel after the pandemic, but hotels will need them more than ever

Summary List Placement The question of whether working professionals will once again travel for business after the COVID-19 pandemic subsides has been one of intense debate in recent months.
And while cutting costs and working more efficiently may be top of mind for corporations, the uncertain future of business travel could have major repercussions for the travel industry, including hotel companies.
A November 2020 survey from consulting firm Oliver Wyman found that 43% of the 2,500 business travelers polled expect to make fewer business trips even once the pandemic is over.
At The New York Times Dealbook conference that same month, Bill Gates said , "my prediction would be that over 50% of business travel and over 30% of days in the office will go away."
Gates added that in-person meetings that require a flight and an overnight stay in a hotel are no longer the "gold standard" and that many companies will have a "very high threshold" for sending employees out on such trips.
It's common for corporate travel...

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