International and domestic business travel will begin in phases after the pandemic, says a new study from Corporate Traveller , TMC, and FCM Travel Solutionsand conducted by 4th Dimension (4D).
The study surveyed 1600 business travel managers, bookers and travelers in EMEA, the Americas, India, Asia, Australia and New Zealand. Seventy percent said that they expect to increase business travel slowly over a period of time. Forty percent said they will return to domestic travel in one to three months, and 32 percent said international business travel would resume in six to 12 months.
These decisions depend on when border restrictions were lifted. Seventy percent of respondents said this would have a significant impact on their travel decisions.
An organizational endorsement that it is safe to travel was also a major factor. Sixty-eight percent said that they need an endorsement that travel is safe. Half of the respondents believe their business travel volumes will eventually reach pre-coronavirus levels.
EMEA and Asia will likely see business travel return faster. The survey found that, in Asia, 50 percent of respondents have already begun booking domestic travel and 37 percent will resume international travel in three to six months. In EMEA, 37 percent of survey participants said that they expect to travel domestically within one to three months, and 32 percent said that they see booking international trips within three to six months.