YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Nine months into the pandemic, thousands of businesspeople are working from home and dialing into video conferences instead of boarding planes.
The trend could mean long-term trouble for hotels, airlines, convention centers and other industries that rely so heavily on business travelers. According to the World Travel and Tourism Council, work travel accounted for 21% of the $8.9 trillion spent on global travel and tourism in 2019.
But executives at some U.S. airlines are reporting business travel revenues down 85%-90%. With little relief in sight, the executives hope business travel will settle 10%-20% below previous levels.
Read more from The Associated Press.
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