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Business travelers: What are your company’s travel budgeting looking like post-Covid?
Posted on 1/18/21 at 7:23 pm
Posted on 1/18/21 at 7:23 pm
For those who traveled a lot for meetings and other business related events pre Covid, what are you seeing as far as travel budgets are concerned once restrictions are fully lifted?
Are some of your workplaces gravitating to more Zoom-like virtual meetings replacing what would have been an in-person meeting, or are they ready to fully get everyone back on the road/skies again?
Do you see this being industry specific as some industries require more face to face meetings to sell and/or build relationships?
Are some of your workplaces gravitating to more Zoom-like virtual meetings replacing what would have been an in-person meeting, or are they ready to fully get everyone back on the road/skies again?
Do you see this being industry specific as some industries require more face to face meetings to sell and/or build relationships?
Posted on 1/18/21 at 7:55 pm to Paul Allen
In the automotive wholesale industry, it’s coming to a grinding stop. Auctions would lay out outlandish bills for airfare, hotels, and rentals.
Now most dealers buy online.
Now most dealers buy online.
Posted on 1/18/21 at 8:10 pm to Paul Allen
Airbnb ceo said it would never return to 2019 levels.
I’m not sure he’s right, but he’s in the industry.
I’m not sure he’s right, but he’s in the industry.
Posted on 1/18/21 at 8:12 pm to Paul Allen
We are still extremely limited. HQ in Canada.
Posted on 1/18/21 at 8:12 pm to makersmark1
quote:
Airbnb ceo said it would never return to 2019 levels.
Seems pessimistic especially coming from a CEO
Posted on 1/18/21 at 8:26 pm to Paul Allen
Can’t judge yet - I usually travel 30 weeks a year to see clients. Right now effectively zero or one.
No vision into the future because in many markets local employees have not returned to the office - nevermind travel.
No vision into the future because in many markets local employees have not returned to the office - nevermind travel.
Posted on 1/18/21 at 8:46 pm to Paul Allen
Big 4 consulting, they’ve discussed going from every week to every other week and maybe less than that.
Posted on 1/18/21 at 9:26 pm to makersmark1
quote:He's full of ****. As soon as restrictions are lifted everywhere and the vaccine has been distributed enough to see us on our way to herd immunity, travel is going to explode after people have been locked down in their own homes for 18-24 months.
Airbnb ceo said it would never return to 2019 levels
Posted on 1/18/21 at 9:30 pm to MLU
quote:
As soon as restrictions are lifted everywhere and the vaccine has been distributed enough to see us on our way to herd immunity, travel is going to explode after people have been locked down in their own homes for 18-24 months
Right?! Seems like common sense to me.
Posted on 1/18/21 at 9:50 pm to Paul Allen
No way, companies are saving too much money without all the travel, plus productivity is up big. It may never return to 2019 levels.
Posted on 1/18/21 at 9:51 pm to MLU
I can see a boom in recreational travel but I think business travel will take a long time to recover. People want to get out and make up for a year’s worth of canceled vacations and boredom. Companies though, still face the liability of making reluctant employees travel, plus they’ve figured out the massive cost savings of remote meetings.
My company used to have a ton of regional travel, so many meetings that could have been phone calls. It’s about 15% of what it was February 2020. I asked if there was a plan to restart our monthly HQ meetings that require travel and was told “we haven’t even considered that yet.”
My company used to have a ton of regional travel, so many meetings that could have been phone calls. It’s about 15% of what it was February 2020. I asked if there was a plan to restart our monthly HQ meetings that require travel and was told “we haven’t even considered that yet.”
This post was edited on 1/18/21 at 9:54 pm
Posted on 1/18/21 at 10:10 pm to Skippy1013
quote:
plus productivity is up big. It may never return to 2019 levels.
I’m just trying to envision an effective way for a software, medical device, pharmaceutical, insurance salesperson, etc... working on a sales pitch over a computer screen rather than in person. I guess we’ll see.
Posted on 1/18/21 at 10:37 pm to Paul Allen
Seeing a mix. Construction industry is ready to go back needs to be on site. Software is even more remote than before so far but the sales folk are getting stir crazy
This post was edited on 1/18/21 at 11:12 pm
Posted on 1/18/21 at 11:35 pm to Paul Allen
I think companies are seeing too much of a savings to return back to business travel as usual. Jumping on a zoom call is too cheap and easy.
Rec travel will be fine. I don’t think people enjoy being stuck in their houses. They’ll be back traveling.
Rec travel will be fine. I don’t think people enjoy being stuck in their houses. They’ll be back traveling.
Posted on 1/19/21 at 7:30 am to Paul Allen
Our CEO and the president of my division are dying because they can't travel to events. It's killing them to stay home.
They go to "meetings", then come home and post all over social media of themselves hiking, canoeing, bike riding, sightseeing, and never mention the meetings.
Seems to me 90% of all actual work can take place online for meetings and such.
They go to "meetings", then come home and post all over social media of themselves hiking, canoeing, bike riding, sightseeing, and never mention the meetings.
Seems to me 90% of all actual work can take place online for meetings and such.
Posted on 1/19/21 at 7:41 am to MLU
quote:
He's full of ****. As soon as restrictions are lifted everywhere and the vaccine has been distributed enough to see us on our way to herd immunity, travel is going to explode after people have been locked down in their own homes for 18-24 months.
I should have stipulated “business travel”
The thread title seemed to imply it.
Posted on 1/19/21 at 8:50 am to kywildcatfanone
quote:
Seems to me 90% of all actual work can take place online for meetings and such.
This, and I'm curious how you sales guys honestly believe your future and demand will be? If travel is a huge portion of your job, I hate to say this but its now possible for 1 person to do what 2 used to do right?
Making a phone call and zoom sales pitch takes a hell of a lot less time for 2 different clients then flying from Atl to Miami to DFW and back to Atl....
Its not just a savings in travel expense, there's a potential for huge savings in payroll imo.
Posted on 1/19/21 at 12:02 pm to Paul Allen
We aren't planning for travel until the Fall at the earliest. I bet we stay grounded through the year.
Posted on 1/19/21 at 12:30 pm to Paul Allen
It is really market segment dependent. Of the industries we serve, under different business units and sales teams, some are not taking face to face, on site meetings and others it's imperative if you want to be secure.
Such as inks into the corrugated fiberboard producers, and whiteners into the paper market, totally remote.
Equipment and coatings into the recycled biomass marketplace is about 70% back to pre-rona travel and is a must to get on site and face to face.
In short, if your key decision maker is part of a large corporation in an office setting, usually in a city, they don't want you around.
Rural, suburban small to midsize sawmills, pallet manufacturers, site developers, composters we serve, it is key to be on site.
Such as inks into the corrugated fiberboard producers, and whiteners into the paper market, totally remote.
Equipment and coatings into the recycled biomass marketplace is about 70% back to pre-rona travel and is a must to get on site and face to face.
In short, if your key decision maker is part of a large corporation in an office setting, usually in a city, they don't want you around.
Rural, suburban small to midsize sawmills, pallet manufacturers, site developers, composters we serve, it is key to be on site.
Posted on 1/19/21 at 11:58 pm to baldona
To your point if no one is traveling especially salespeople, then what on earth happens to hotels that depend so much on business travelers?
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