As More Companies Let Employees Work From Home Permanently, What Is the Outlook of Business Travel?

Linchi Kwok | October 22, 2020

By Linchi Kwok When the pandemic hit the global economy in March, business travel was estimated to lose $820 billion in revenue. Under the best scenario, businesses were expected to reopen in late spring or early summer. As we entered into the summer, indicators showed travel and hospitality businesses were picking up, but we all knew travel recovery would not occur until people are taking business trips again. “Travel, as we knew it, is over,” concluded by Airbnb CEO Brian Chesky. Now in October, we still have not contained the coronavirus. To make it worse, new COVID-19 cases now surge again across the US and Europe. More co...