- June 24, 2021
- Posted by: Stratford Team
- Category: Business
Depending on who you ask, business travel is significantly changed or just taking a couple of years off. Zoom was great fun for a month or two, but it got old fast for most people. But Zoom and the many other video conferencing offerings are cheap, efficient, and a potentially serious threat to the future of business travel.
Has Zoom changed business travel forever? Photo: Ontario International Airport
Business travelers make up 12% of all travelers but account for 75% of profits
Business travel is travel undertaken for work purposes. That could be to attend a meeting, convention, or site visit. The common factor is you interact with people face-to-face. Business travel was worth US$1.28 trillion in 2019. That didn’t all go to airlines. Hotels, convention centers, restaurants, and bars are also big beneficiaries.
Business travelers are usually big-spending travelers. That makes them important from a profit perspective. Business travelers accounted for…