As we transition back to a new post pandemic world the hope is corporate travel will return. Although meeting remotely has served business well during the crises, it may not often be as impactful as meeting a person face to face.
Corporate travel is an essential component for many small and medium industries particularly those with ambitions to scale. It is an effective method to acquire new investors, clients or to find the right manufacturing facility to produce your product.
This is reflected in the sector recovery as SMEs corporate travel has held out during the pandemic and is bouncing back faster. IHG Hotels and Resorts reported that although SME business travel remains depressed, it was down 15-25 percentage points less than enterprise or corporate travel.