# A report from global chauffeur services provider Blacklane looks at how the integration of premium experiences and business travel is essential for productivity # 86% of survey participants claimed to lose at least one hour of productive time across their trip whereas almost half of C-level executives (45%) are losing between four and eight hours of productive work time # Boundaries between personal and professional lives are blurring - 9 out of ten business travelers merge work and leisure. As business travel bounces back, with the sector poised to hit a record spending high by year-end, a new report, "The Changing Face of Travel and Work", uncovers the impact that travel planning is having on business travelers' productivity. Blacklane, the premiere global chauffeur servi...
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Will reach a record US$1.5 trillion in 2024, WTTC report says A new report from the World Travel & Tourism Council (WTTC) has revealed that business travel is set to surpass pre-pandemic levels this year, faster than previously predicted, to reach a record US$1.5TN. The rise of remote working during the pandemic had a disproportionate effect on corporate travel, compared to leisure travel, with virtual platforms replacing face-to-face meetings. Last year, leisure travel was just 2.9% behind the 2019 peak, whilst business travel continued to struggle, remaining 5.4% behind. But as business leaders re-emphasised the importance of face-to-face interaction, business travel is now back and is set to exceed 2019 levels by an impressive 6.2% to reach the new US$1.5TN record. ...
Read MorePlanning a business trip to the Middle East, then why not make it a memorable bleisure one with your friends or family. Bahrain holds a unique place in the Arabian Gulf as one of the most liberal locations in the region. You can still experience in the numerous delights of scenic island destination of Bahrain in just 72 hours. World UNESCO sites You should start your explorations with the UNESCO World Heritage Sites of Bahrain. One is the Dilmun burial mounds, which dominate the landscape north of the island. Another one is Qal’at al-Bahrain (known as Bahrain Fort), a sandy yellow fortress and by far the oldest intact building on the island. It is a small slice of mediaeval history in an ever-evolving nation. This heritage site comprises four elements: the tell, an ancient se...
Read MoreCompanies keen on resuming as COVID-19 restrictions ease, says GlobalData Following the easing of global COVID-19 restrictions, mentions in filings of ‘business travel’ per company across sectors rose 17% in 2021 and have risen a further 4% in 2022, suggesting that companies are looking at resuming business travel, according to GlobalData, a leading data and analytics company. Rinaldo Pereira, Business Fundamentals Analyst at GlobalData, comments: “Zoom calls were quite frequent throughout 2020 and 2021 for sales, marketing, or other activities. A rise in mentions of business travel per company points at corporates looking to reinstate face-to-face meetings despite there still being a considerable amount of COVID-19 cases across the globe.” In 2022, over 1,500 public companie...
Read MoreNew report from WTTC reveals, corporate travel in the Middle East and Asia Pacific set to lead the way with fastest recovery Worldwide business travel spending looks set to rise by more than a quarter this year and reach two thirds of pre-pandemic levels by 2022, according to the World Travel & Tourism Council (WTTC). The forecast comes in a major new WTTC report in collaboration with McKinsey & Company called ‘Adapting to Endemic Covid-19: The Outlook for Business Travel’. It draws on research, analysis and in-depth interviews with Travel & Tourism business leaders to enable organisations to prepare for corporate travel in the post-pandemic world. Business travel was disproportionately affected by COVID-19 and has been slower to resume. Given that business tra...
Read MoreBusiness travel spending is forecast to grow 21% this year worldwide, helped by the rollout of COVID-19 vaccines, but will not recover to pre-pandemic levels until the middle of the decade, a business travel association said on Tuesday. Spending on business travel is projected to rise to $842 billion in 2021, according to the Global Business Travel Association’s (GBTA) BTI Outlook, after dropping 52% in 2020 to $694 billion due to the pandemic. FILE PHOTO: Travellers wearing face masks line up at check-in counters of Shanghai Hongqiao International Airport in Shanghai, China January 28, 2021. REUTERS/Aly Song After a decade of steady annual growth, business travel is expected to have shown losses in 2020 that were 10 times greater than the declines after the Sept. 11, 2001, attac...
Read MoreWTTC calls for ‘air corridors’ between key global cities to restore business travel
The restoration of ‘air corridors’ between the world’s top financial centres are vital to reviving international business travel and help kickstart the global economic recovery, according to the World Travel & Tourism Council (WTTC). WTTC, which represents the global Travel & Tourism private sector, says it is crucial that international business travel resumes, following its near collapse due to the coronavirus pandemic. WTTC is calling for the introduction of a pilot scheme, involving airport-based testing, followed by a second test just days later, for travel between the financial hubs of London and New York, with the aim of re-starting business travel. An analysis of Public Health England’s data by WTTC suggests two tests in quick succession could be 80% effe...
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