- July 10, 2021
- Posted by: Stratford Team
- Category: Business
CARY – Regional leaders gathered at the posh Umstead Hotel and Spa in Cary to hear some grim news Friday morning: Business travelers aren’t going to be swarming back aboard jets anytime soon. And that’s bad news for the airlines as well as those service providers and restaurants that cater to the expensve report writing crowd.
According to Investopedia, business travels made up 12% or passengers but account for as much as 75% of airline profits. Why?
“Businesses are generally willing to pay more to book last-minute and non-stop flight options but rarely allow premium-section seats for rank and file employees.
“Businesses usually allow employees to leverage business travel to earn and keep frequent flyer miles and points, which are increasingly valuable to airlines as a source of revenue and data.”
Addressing the Regional Transportation Alliance, Scott McCartney of The Wall Street Journal and author of the “Middle Seat”…
