GBTA – आवारा मुसाफिर

Global business travel to grow 21% in 2021, trade group forecasts

February 2, 2021355 Views

Business 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...

खबरनामाट्रैवल उद्योग

Resuming travel is not an easy decision for companies

AWARA MUSAFIR BUREAU

July 20, 2020532 Views

As signs of recovery continue in the business travel sector, travel procurement professionals are prioritizing the health and safety of employees according to a new poll released by the Global Business Travel Association (GBTA). Over half of travel buyers report their company has changed its travel policy and 70% characterize the policy changes as being ‘somewhat’ or ‘a lot’. When asked what travel program changes have been made due to the COVID-19 pandemic, instituting new rules about pre-trip approval (53%), having more frequent or detailed pre-trip communications or briefings (35%), collecting health information from employee travelers (i.e., virus exposure or pre-existing conditions; (24%) and clarifying or changing rules about ticket credits/unused tickets (22%) are cited most freque...