Tourism

STUDY: Business travel to resume within next three months

Higher levels of optimism in the global corporate travel sector are emerging, with domestic and essential business travel likely to resume first, according to new research.

Nearly half (49 per cent) of all polled Global Business Travel Association (GBTA) member companies plan to resume domestic travel within the next three months, while one in five plan to resume all travel in the same period.

The findings come with the release of the association’s eighth poll among its global membership, to gauge the continued effects of the coronavirus pandemic on business travel, which received responses from 1,708 member companies.

Companies in the United States (38 per cent) and Canada (33 per cent) remain the most optimistic to resume business travel within the next three months.

However, companies across Asia are among the least optimistic, with those in Taiwan (13 per cent), China (12 per cent), the Asia Pacific (12 per cent), and Hong Kong (11 per cent) unlikely to resume travelling for business in the near future.

Likewise, companies in Latin America (13 per cent), and the Middle East and Africa (13 per cent) have flagged their lack of optimism to travel in the next three months.

Finally, the poll reveals a small uptick in the number of companies allowing some essential travel – 44 per cent compared to 37 per cent in the previous GBTA poll released in late May.

Underpinning any uptick in interest, however, would have to be standardised health and safety requirements – not unlike the World Travel & Tourism Council’s ‘Safe Travels’ protocols – according to the GBTA.

“To continue this trend, there is strong support from GBTA member companies who want consistent health and safety measures for every travel vertical,” CEO Scott Solombrino said.

“This is critical, and GBTA has been lobbying intensely on behalf of members. We have already seen great collaborative progress in the hotel and airline sectors.”.

Small indications of recovery are also evident among suppliers, with more travel suppliers and travel management companies (TMCs) reporting seeing an increase in bookings.

In fact, almost half (46 per cent) of travel suppliers and TMCs reported seeing an increase in their bookings from 8 to 14 June, while 40 per cent said their bookings remained the same.

Supplier optimism regarding the industry’s path to recovery is also showing positive signs, according to the GBTA.

Forty per cent of polled companies said they felt more optimistic than they were from 8 to 14 June, compared to 28 per cent who felt the same in the previous GBTA coronavirus poll.

While half of those polled feel the same as they did from 8 to 14 June, and only 10 per cent feel more pessimistic about the industry’s path to recovery than they felt a week earlier.

Moreover, while overall sentiment for international travel is unsurprisingly low from member companies, with 12 per cent flagging they intend to fly overseas within the next three months, 44 per cent said they would consider resuming travel but without a firm timeline.

The news comes as countries across Europe begin to reopen their international borders in a bid to kick-start their struggling economies with influxes of tourists – all of who are travelling under in-destination health restrictions.


Featured image: iStock/encrier

SEE WHAT PEOPLE ARE SAYING

Leave a Reply

Destinations

South Australia set to open its border to Victorians

It looks like ScoMo’s plan for domestic borders to be open by Chrissy is well on track, with the crow-eaters finally letting those from the Garden State back over their side of the fence.

Share

CommentComments

Destinations

Rob Thompson named Tourism Fiji’s acting CEO

While the search for Tourism Fiji’s next leader is well underway, the organisation has revealed who will be keeping the CEO’s seat warm.

Share

CommentComments

Technology

WORLD FIRST: Aeronology to launch independent full-service platform for mobile travel agents

Are you a mobile agent in the market for a new platform to help you rebound your business with ease? This travel tech company has got your back.

Share

CommentComments

Tourism

Global travel association brings another back from the dead (well, sort of)

Utterly confused by this story’s headline? Click ahead to minimise your bewilderment.

Share

CommentComments

Travel Agents

Agents now required to collect passenger information for COVID-safe travel

The government has finally recognised the crucial role agents can play in COVID tracing with this new measure.

Share

CommentComments

Cruise

Silversea to show off biggest-ever itinerary release with exclusive webinar

The ultra-luxury cruise line’s sales team have been sharpening their webinar presentation skills in anticipation of this exclusive event.

Share

CommentComments

Aviation

Qantas wins appeal over workers’ sick pay

The airline will not be required to pay stood-down workers sick pay, including a man who has been battling cancer and another with heart disease.

Share

CommentComments

Aviation

Airline pilots turn flight path into penis and balls in support of disgraced football captain

Flight trackers around the world were left clutching at their pearls when they discovered this strange symbol in a low-cost airline’s flight path.

Share

CommentComments

Road & Rail

Rocky Mountaineer to introduce new route in Southwest US

The luxe rail company has just unveiled a new route for 2021! So, get your train fanatic clients ready to TOOT TOOT their way through the US!

Share

CommentComments

Wholesalers

TTC is hosting a bunch of free virtual events to get your clients booking domestic

Keep your client keen to book their next domestic trip with this handy video series from The Travel Corporation.

Share

CommentComments

Aviation

Qatar charges airport police officers over invasive searches of women

Qatari authorities have filed criminal charges against police officers working at Hamad International Airport following allegations women were invasively searched there last month.

Share

CommentComments

Destinations

New report reveals the countries Aussies are most reluctant to visit now

by Huntley Mitchell

Are you finding some international destinations harder to sell than others right now? This new research might help explain why.

Share

CommentComments