Business tourism woes: One in ten former flyers won’t fly for business post-Covid

A 10% decrease in business travellers will have a huge impact on the industry. With ONS data showing a spend of £1,045,000,000 in Q1 of 2020, this drop could see spending on business travel plummet by over £100m. With airlines already struggling to recover from being one of the hardest-hit industries since March 2020, business travellers opting to stick to online meetings will be yet another blow.  

Of those who are planning to continue travelling for business, they are planning to do so less frequently than previously. Only 20% are now planning to travel a least once a quarter, a 7% decrease compared to the pre-pandemic rates.  

Almost a third (30%) of respondents stated that the cost of air travel is prohibitive. Many businesses are looking to cut costs and recover from the pandemic, therefore it is no surprise that finances play a part in these decisions. 

The research also shows that on average, people are planning on taking one less business trip a year once all travel restrictions are lifted internationally. 

The reluctance to travel for business post-pandemic fluctuates depending on which sector people work in. Based on the average number of days respondents anticipated to spend travelling internationally for business, the industries likely to see the biggest decreases in international travel are:  

 Those working in HR and Recruitment are now the least likely to travel overseas for business, having seen the biggest difference. On average, workers in this sector are now planning to take five fewer trips a year. Workers in retail were also high up on this list, with four fewer trips per annum.   

Notably, 28% of decision-makers in Law Enforcement and Security flew abroad as much as once a week prior the pandemic. However, when asked about their predictions for post-pandemic, the number of respondents in this industry expecting to travel abroad for business less that once a year doubled from 14% to 28%. 

Marco Mongiello, Pro Vice-Chancellor, The University of Law Business School, commented “Having operated virtually for more than a year, businesses have recognised the benefits that flexible, remote working can provide to both the business and their employees. We cannot deny that face-to-face meetings come with intrinsic benefits, but with technology evolving, business leaders and their employees are able to work from anywhere in the world, whilst still being able to communicate with their team and work effectively. Conducting virtual meetings to engage employees, stakeholders and business partners is the new normal. 

For more information about ULaw Business School, please visit https://www.law.ac.uk/business