Business travel is on the brink of returning, according to three new reports. The latest monthly Traveler Confidence Index developed by Travel Again shows business traveler confidence soared in May, with 42 percent now fully ready to travel, up from just 20 percent in April. An additional 31 percent are planning some type of business travel for summer, with 74 percent willing to travel domestically for business in the next 90 days. However, employers may not be as ready, with only 22 percent of business travel respondents with current business travel plans.
“With vaccinations on the rise and restrictions being eased throughout the country, there is a sense that a return to normalcy is finally coming,” said Mike McCormick, co-founder, Travel Again. “The data from our latest Traveler Confidence Index shows buoyed confidence among both business and leisure travelers. It is more important than ever that industry and government collaborate on universal standards and clear guidance for resuming safe and responsible travel to keep this trend moving in the right direction.”
Other findings from the study found leisure travelers will venture across the United States this summer; 67 percent are confident to travel domestically. Confidence in international travel continues to lag behind domestic travel, but, for the first time, 50 percent of leisure travelers say they would travel internationally in the next six months.
During a recent press conference, Roger Dow, CEO, U.S. Travel Association, said about 35 percent of U.S. businesses are currently engaging in business travel. However, a new projection from Tourism Economics released in conjunction with U.S. Travel, shows business travel spending and number of trips won’t recover to 2019 levels until 2024.
To help boost the pace of business travel recovery, USTA will launch a “Let’s Meet There” marketing campaign, helping to relay the differences between professionally managed meetings and events and large gatherings. Further, USTA calls for the adoption of federal guidance that “recognizes that health and safety measures can be more readily implemented at professional meetings and events than at other forms of large gatherings.”
Another study from WSJ Intelligence and VistaJet examined the future of business travel, revealing 81 percent of global leaders believe business travel will be more critical than ever. Business leaders feel video conferences failed to generate the same results as in-person meetings: 34 percent of companies saw missed opportunities, with 33 percent seeing fewer deals closed. The Future of Business Travel report surveyed more than 200 high-level company executives in the United States, EMEA and APAC.
“The COVID-19 pandemic has upended the world, including travel. It also showed that some business travel is truly essential and having to forgo in-person trips came at a real cost to companies,” said Ian Moore, chief commercial officer, VistaJet. “Additionally, it is hard to read a room when everyone is in individual windows on screen — misunderstandings can occur, especially across cultures, and these in turn can become costly mistakes.”
Have you traveled for business since the pandemic? What is your company’s current policy for business travel? Do you feel comfortable attending meetings and events? Tell us. Email us at [email protected]. Please include your full name and location.
With more companies around the world becoming more environmentally friendly, American Airlines recently announced it committed to set a science-based target for reducing greenhouse gas emissions. This move will sharpen the company’s strategy for reaching net-zero emissions by 2050 and aligns its path with the global imperative of limiting temperature rise to well below 2 degrees Celsius.
You probably didn’t know you needed to visit the Dominican Republic until you learned about the new, beautiful, modern, all-inclusive resort in Punta Cana.
Deep Dive Dubai, home of the deepest swimming pool for diving in the world, opened in Dubai, in the Nad Al Sheba neighborhood. Guinness World Records verified the pool as the world’s deepest swimming pool for diving at a depth of 60.02 meters, or almost 197 feet, holding 14 million liters of water, equivalent to six Olympic-sized swimming pools.
Family gatherings are extra special this year and we chose to celebrate a milestone birthday in New Orleans. The JW Marriott New Orleans, across the street from the historic French Quarter, is ideally situated for exploring the city. Streetcars roll in front of the property and are especially fun for first-time visitors. Within a ¾-mile radius, we could walk to the National WWII Museum, Ogden Museum of Southern Art, Sazerac House, Harrah’s Casino, the Shops of Canal Place and numerous restaurants.
As more travelers return to the skies, American is here every step of the way to ensure an elevated and seamless journey. Experience flying freedom with AirPass, American’s all-inclusive, pre-paid travel membership program.
For the third year in a row, Regent Seven Seas Cruises broke the company’s world cruise opening day booking record. The 2024 World Cruise sold out around 11 a.m. on July 14, after going on sale that morning at 8:30 a.m. Fares started at $73,499 per guest for a deluxe veranda suite, up to $199,999 per guest for a master suite.
As the vaccine rolls out and travel picks up, it’s time to start dreaming of your next trip. Here’s some destination inspiration for you. Take a visual journey through Okinawa with us.
The Sports Industry Awards returned with a bang last night as 200 guests packed the W Hotel Great Ball Room for the gala ceremony.
After more than a year of staying home and social distancing, Americans are ready to experience live entertainment again. According to Allianz Partners USA’s Vacation Confidence Index survey, 55 percent of Americans plan on attending at least one ticketed event before the end of 2021, with 16 percent planning to attend three or more events.