Industry Update
External Article26 March 2020

GBTA: Business travel has come to a halt

share this article
1 min
businesstravelnewseurope

The global coronavirus crisis has brought business travel almost to a halt, according to the latest survey from the GBTA.

Advertisements

In the fourth instalment of its coronavirus poll, 96 per cent of GBTA members said they have cancelled and/or suspended all or most international business travel regardless of location. Furthermore, four in five said they have done the same for all or most domestic business trips (including 81 per cent of those based in Europe and 84 per cent in the US).

Countries in Asia continue to be no-go areas, with members saying they've stopped travel to China (99 per cent), Taiwan (98 per cent) and other countries such as Japan, South Korea and Malaysia (97 per cent).

However, with the virus now spreading rapidly in Europe, 96 per cent said they had cancelled trips to and within Europe, followed by the Middle East and Africa (95 per cent), Latin America (92 per cent), Canada (89 per cent) and the US (85 per cent).

But the cancellations do not seem to be a blanket company policy for all members; only 41 per cent said their company had banned all business travel, while 53 per cent said the suspension applied to non-essential trips but allows some essential travel.

Regardless, survey participants estimated around 89 per cent of business trips have been cancelled - double the estimate from the 10 March poll, when only 43 per cent said they had seen cancellations.

Read the full article at Global Business Travel Association (GBTA)

Latest News
Advertisements