Originally Posted by ratechaser

My bank's CEO today made a point that they spent $400 million on travel expenses last year and what remote working has demonstrated is that there's no need to spend nearly that much in future.

So yes, the corporate travel market is going to fundamentally change in the post-Covid world...

Originally Posted by Swampz64

A friend owns several international businesses, one of which has 4 board meetings a year across the globe, each meeting costs around $100k excluding the salaries of the directors. They’ve held a zoom board meeting during the shutdown and he sees no reason why 3 of the 4 meetings each year cannot be done remotely, they save $300k and staff are not spending two days per meeting travelling.

I think there will be tens of thousands of businesses changing their practises and it will have a massive impact on airlines, airports and business centric hotels around the world going forward.