Corporate travel post-COVID
The travel industry has been among the most affected industry sectors by COVID-19. The downturn in travel happened almost instantly across the globe. Its severity, speed, and impact have been unprecedented. Almost all travel — whether leisure or corporate, domestic or international – were suspended either by governments or by travelers themselves who felt it was just not safe to travel given the nature of the pandemic’s spread across the globe. And now, even as industries limp back towards the ‘new normal,’ it has implications for corporate travel programs, and it is beneficial to examine the impact on people, budgets, and risk to both businesses and individuals. Organisations are rethinking corporate travel in the aftermath of the Covid-19 pandemic. This paper examines the implications for an organization’s people, budgets and risks in relation to business travel.