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Companies Are Hesitant to Return to Pre-Pandemic Business Travel

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2 min read. September 21, 2021 – by Joe Camberato

Travel numbers have increased from a year earlier, but many U.S. companies are cautious about returning to business travel. That was one of the key findings from a recent survey by the travel analytics firms OAG. 

During July and August, OAG surveyed over 1,800 U.S. travelers about how their travel habits have changed in light of the pandemic. The results showed that during the summer months, travel was up 81% from a year earlier. 

And 70% of consumers had booked a flight for the upcoming year. But many business travelers told a different story, with only four in 10 anticipating that business travel will return to pre-pandemic levels. 

companies-hesitant-business-travel-pandemic

COVID significantly reduces business travel

During the pandemic, corporate travel took a massive hit, and most companies saw their travel budget drop by 90%. Most businesses restricted travel to only essential trips, and many people opted to drive instead of fly.

Most experts do expect business travel to increase during the second half of 2021. Conferences and trade shows, which were mostly virtual, have started to offer in-person options. 

And slowly, some businesses have begun to reopen their offices both for their employees and clients. Travel will likely continue in the case that in-person interaction is required to support client relationships. 

Overall, the OAG survey found that business travel will resume, but many people expect it will be less than what they did before the pandemic. Here is what business travelers expect to see in the coming year:

  • 16% expect to travel 50% less than they did before the pandemic
  • 15% expect to travel 25% less than they did before the pandemic
  • 11% expect to travel 75% less than they did before the pandemic
  • 9% expect that they will only travel if it’s necessary
  • 9% have no plans to travel at all   

How to safely implement business travel

The Center for Disease Control (CDC) recommends that companies delay business travel. So it’s a good idea to delay or minimize any non-essential trips. 

But if business travel is an essential aspect of your business, then it may not be entirely feasible for you to delay travel altogether. Here are some travel recommendations your employees should follow: 

  • Encourage employees to get vaccinated: According to the CDC, employees should hold off on traveling until they are fully vaccinated. Anyone who is fully vaccinated is safe to travel within the U.S.
  • Wear a mask: Everyone is required to wear a mask on planes, buses, and public transportation within the U.S. And employees should follow all state and local requirements in the state they’re traveling to.
  • Self-monitor: All employees should self-monitor for signs of COVID before and after their trip. Let your employees know that they should seek out medical treatment and let their supervisor know immediately if they become sick. 

In addition, it’s a good idea to regularly review and update your company’s travel policies in accordance with the CDC’s guidelines and federal travel restrictions.

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Last Updated on September 21, 2021

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About the Author, Joe Camberato

Joseph Camberato, CEO of National Business Capital, developed a passion for business at a young age. Joe started his company in 2007 in his spare bedroom and has grown to secure over $1 Billion dollars in financing for small business owners nationwide. National’s team has an amazing culture and has been name the #1 Top Workplace on Long Island 3 years in a row and counting. Joe is a trusted financial expert who’s published more than 2,000 articles in the last 3 years. His articles have generated over 5 million page views and has been featured on blogs such as Google News, Yahoo, CNBC, Forbes Magazine, etc. His passion has also inspired him to build the "GrowByJoe” YouTube channel where he shares his insights into small business trends and tips for growth. Joe also holds a seat on Forbes Finance Council and is an active member of the Young Presidents' Organization (YPO), a global leadership community.

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Disclaimer: The information and insights in this article are provided for informational purposes only, and do not constitute financial, legal, tax, business or personal advise from National Business Capital and the author. Do no rely on this information as advice and please consult with your financial advisor, accountant and/or attorney before making any decisions. If you rely solely in this information it is at your own risk. The information is true and accurate to the best of our knowledge, but there maybe errors, omissions, or mistakes.