Toonces

I’ve talked with my father in law about business travel a lot. He has run or owned a number of businesses and has been a full-ish time business development consultant for 15+ years. He would travel on average 4 times/month to help out his clients, top tier rewards programs, etc.

His views parallel my own: business travel will return, but a portion of it never will. Never. Business relationships, and particularly new business development, THRIVE on in person interactions. But there is a percentage of business travel (maybe 15-25%?) that ultimately does not give an equitable ROI. It’s the type of business travel that has been done “because we’ve always done it that way.” Companies will look at their travel budgets and start to narrow down which types of business travel are necessary for growth and those that can be accomplished through remote work and relationships.


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Knobcrk1

Dude. 😂😂😂😂 I knew you were going to come up with something. You’re literally defending your opinion. Its alright, nobody knows what will happen. No need to have graphs and estimates. It’s ok to admit you don’t know something, try it with me. I don’t know everything.

Knobcrk1

BG has spent billions putting his money where his mouth is. And he did predict this pandemic a couple of years ago. He’s a pretty smart dude. What he says is pretty unpopular sure but back in the day people still preferred comfort of riding a horse to riding car for about 30 years while cars were being introduced.

Excargodog

H€||, from what I’ve seen you don’t know ANYTHING. That’s why I’ve started to largely ignore you.

Excargodog

other voices heard from:

chucknorris

While business travel might lag for a couple years, pleasure travel could surge especially as people have been pent up and are sitting on considerable vacation banks. Also, if people are allowed to spend additional time remote on a foreword basis, the times they do need to go to the office might be conducted via airline pilot style commuting.

spirited

1 wk average 44% YOY ('21 v avg('20&'19))
2 wk average 41% YOY
still ticking away....

rickair7777

Yes I think there will be *some* offset in lost business travel from pent-up recreational demand. Purely anecdotal, but everybody I know is chomping at the bit except for a couple masker extremists who hope to be on lockdown for years to come (they conveniently have what they believe to be secure government telework jobs).

Yes, you can already see this with some real estate trends... NY people moving to PA, Bay Area people moving to the Sierras/NV.

Many of those folks will need to show face at the office once a month, or once a quarter. Less so for the very established independent contractor types who are already where they want to be and have strong networks. More so for young up-and-comers who don't want to be out-of-sight, out-of-mind when they hand out promotions, bonuses, plum assignments, etc.

rickair7777

I agree. But what I think will happen is some managers (probably the younger ones) will overshoot, find their sales and business relationships being undercut by more-pro-active competitors, and end up have to compensate and maybe over-compensate. Will take a while for it to all settle out, and then happy median may change over time as generational demographics change.

Smokey23

Sorry, my post was too subtly written. I was referring to this story:

https://www.bloomberg.com/news/artic...e-aviation-bid

My point was that Bill Gates must be bullish on corporate jet business travel if he is going long on Signature.