Written by Options Travel.
The pandemic has had a wrenching effect on the travel industry. Within weeks of President Trump’s European travel ban, airline passenger loads were reduced to less than 5% of the same period (day, week, month) one year earlier.
What will travel provider pricing look like post Covid? And, what are the key benefits and steps to maximize the value of your spend from effective travel management?
The global travel industry has never experienced anything of this magnitude, so no one knows exactly how it will play out. However, this document outlines projections and analysis about travel costs for the near, middle and long-term future of approximately 6, 12-18, and 24 months, respectively.
The travel industry has always been a volume driven business and we do not expect that to change as we look to the rest of 2020, 2021 and possibly beyond. That said, this is also a great time to implement a travel program as the travel providers (airlines, hotels & rental cars) are aggressively looking for new business commitments.
A Safe Return to Travel Webinar
Listen to the recording of the webinar from IMEC and Options Travel, highlighting essential steps to safely resume the process of business travel.