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re: Business travelers: What are your company’s travel budgeting looking like post-Covid?
Posted on 1/20/21 at 1:04 am to Paul Allen
Posted on 1/20/21 at 1:04 am to Paul Allen
quote:
To your point if no one is traveling especially salespeople, then what on earth happens to hotels that depend so much on business travelers
I would think some will become low income or homeless housing in major metros.
1
Posted on 1/20/21 at 7:58 am to Paul Allen
quote:
To your point if no one is traveling especially salespeople, then what on earth happens to hotels that depend so much on business travelers?
Travel will come back. Work from home will use a lot of those hotels for travel, well a portion maybe not a lot. Now the hotels next to the airport the business guys used? Yeah I don’t know
Posted on 1/20/21 at 9:38 am to baldona
Hard to say since we are not post Covid, but I’m going to guess about the same pre Covid.
Posted on 1/20/21 at 9:46 am to Paul Allen
Healthcare Consulting
Travel stopped for me on 3/12. Prior to that I took 150-175 flight segments each of the past 6 years. I also spent 100 nights in a hotel.
Immediately the company benefitted from lower travel and wanted to hold on it. However the out of sight out of mind really continues to build. There is a desire to travel by execs and consultants but leaders are very hesitant. Each trip request has to be approved but people are discouraged from traveling.
I don’t see going back to the norm this year. I also see clients pushing back on travel expenses as well because they feel like it isn’t always necessary.
Travel stopped for me on 3/12. Prior to that I took 150-175 flight segments each of the past 6 years. I also spent 100 nights in a hotel.
Immediately the company benefitted from lower travel and wanted to hold on it. However the out of sight out of mind really continues to build. There is a desire to travel by execs and consultants but leaders are very hesitant. Each trip request has to be approved but people are discouraged from traveling.
I don’t see going back to the norm this year. I also see clients pushing back on travel expenses as well because they feel like it isn’t always necessary.
Posted on 1/20/21 at 9:46 am to Paul Allen
Business travel for us has stopped to almost nothing. We used to travel probably at least once a month on our team.
After Covid and the remote work boom, we finally have tools such as Teams to do a lot of the stuff remotely. Since they are paying for this stuff I am guessing travel will only be for the rare occasion.
I do expect leisure travel to explode this year...
After Covid and the remote work boom, we finally have tools such as Teams to do a lot of the stuff remotely. Since they are paying for this stuff I am guessing travel will only be for the rare occasion.
I do expect leisure travel to explode this year...
Posted on 1/20/21 at 10:13 am to UltimaParadox
I'm in digital sales and meet with media and ad agencies and pharma companies. We haven't been in face to face meetings since this started, and I don't expect that aspect coming back any time soon. We were usually pushing for the in person meetings anyway, and have been just as successful with the remote approach.
Posted on 1/20/21 at 3:27 pm to baldona
The airport hotels are definitely going to be interesting to see how they fare going forward
Posted on 1/20/21 at 3:30 pm to cuyahoga tiger
How did this legitimate question get all these downvotes? 
Posted on 1/20/21 at 7:06 pm to Paul Allen
quote:
How did this legitimate question get all these downvotes?
Your schtick is tired as frick and no one likes you
Posted on 1/20/21 at 8:14 pm to Paul Allen
In the medical industry here. Our company is all over the map. Some managers are traveling like normal and some aren’t traveling at all. What is looks like a year from is anyone’s guess.
I will saying is nice right now. Flights aren’t full, hotels are empty and prices are way down.
No lines at airport security.
Customers seem willing to get out and meet. TEAMS/Zoom aren’t going anywhere for a while.
I will saying is nice right now. Flights aren’t full, hotels are empty and prices are way down.
No lines at airport security.
Customers seem willing to get out and meet. TEAMS/Zoom aren’t going anywhere for a while.
Posted on 1/20/21 at 8:17 pm to TastyJibblets
That has zero to do with the question and topic at hand. Not quite sure what you’re referring to.
Posted on 1/20/21 at 9:07 pm to CaptainJ47
quote:.
CaptainJ47
quote:
Healthcare Consulting
For a healthcare IT company or a consulting firm in Healthcare? I’m in the exact same situation in the same field but I’ve started traveling again with go lives. Certain events you can’t do remote and this is one of them.
Posted on 1/20/21 at 9:20 pm to cberni1
Epic?
Posted on 1/21/21 at 6:33 am to Paul Allen
Honestly doesn’t matter what my company wants, all of our customers are not allowing face to face meetings and until they do the option doesn’t even exist. There is no doubt that a large portion of our customer base will stick with virtual meetings long term.
Posted on 1/21/21 at 7:09 am to Paul Allen
Work in big Tech. Entire company (150k+ Team members) are 100% grounded right now with no end in sight.
This post was edited on 1/21/21 at 7:10 am
Posted on 1/21/21 at 7:48 am to LSUfan20005
quote:
There is no doubt that a large portion of our customer base will stick with virtual meetings long term
Curious why you say that? Some industries probably, but most I think I disagree. Its all Covid and liability right now, companies want 0 risk and 0 HR issues. Once the vaccine is out, I think that's going to change very very quickly.
If in person gives you an advantage, it will happen immediately. For example, in person training is simply better then online or zoom. There's no comparing it imo. Its amazing how fast Covid changed this, but I think it can change back even faster once the vaccine is in widespread use and people are comfortable again.
Now given that, now that everyone is competent in online meetings I don think they will be used a lot more on average then say in 2019 moving forward. One big advantage of online meetings for example is that you can call them almost instantly with people in different locations. Need a meeting tomorrow morning on a new issue? Don't need 4 people to hop on flights anymore.
Posted on 1/21/21 at 8:29 am to cberni1
So it is a mix of services and technology in my division. I work for Optum more broadly but the work I do overlaps a specific technology with EHRs. However my background is the intersection between documentation, quality, risk adjustment, and revenue/ revenue cycle.
Posted on 1/21/21 at 8:32 am to baldona
quote:
There is no doubt that a large portion of our customer base will stick with virtual meetings long term
I’m curious as well. Long-term as in 3-5 years from now or 6-12 months from now?
Posted on 1/21/21 at 10:00 am to Paul Allen
What I'm hearing from some of our larger customers:
1.) Virtual meetings allow them to meet with more suppliers in the same amount of time
2.) Virtual meetings allow them to get more actual work done, since they aren't constantly leaving their offices/desks to meet
3.) Virtual meetings get rid of the constant booking of meeting space
For those reasons, I think virtual meetings become the norm. I think face-to-face meetings come back, but will be more of an exception and only for companies that are already strategic partners.
For instance, let's say I usually have 8-15 meetings per year with a major customer. I think that in 2022, we'll have 4 meetings and the rest will be virtual.
I also think that smaller suppliers and potential suppliers will be relegated to virtual only.
1.) Virtual meetings allow them to meet with more suppliers in the same amount of time
2.) Virtual meetings allow them to get more actual work done, since they aren't constantly leaving their offices/desks to meet
3.) Virtual meetings get rid of the constant booking of meeting space
For those reasons, I think virtual meetings become the norm. I think face-to-face meetings come back, but will be more of an exception and only for companies that are already strategic partners.
For instance, let's say I usually have 8-15 meetings per year with a major customer. I think that in 2022, we'll have 4 meetings and the rest will be virtual.
I also think that smaller suppliers and potential suppliers will be relegated to virtual only.
This post was edited on 1/21/21 at 10:00 am
Posted on 1/21/21 at 12:12 pm to LSUfan20005
Do you think conventions and trade shows go away?
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