Business travel

AirPlus study: Cos. Prepare for higher travel costs

Most business executives are bracing for higher travel costs after the pandemic, and the vast majority are taking steps to keep their travelers safe when they get back on the road, according to a new AirPlus study.

In an AirPlus survey of 743 business executives in the US, UK, Germany, China, Italy and France, 51% of respondents said their companies have rules in place regarding countries their employees can and cannot enter due to the Covid-19 pandemic, while 35 percent planned to establish such guidelines. Meanwhile, more than 90% had measures in place to notify their employees of entry and quarantine restrictions at particular destinations or were planning to deploy such capabilities.

Companies are also making policy adjustments, including allowing travelers to choose higher booking classes, with almost half of those polled allowing their employees to book business class airline tickets or train tickets in first class. Although these bookings are more expensive, most business leaders are prepared for higher travel costs overall: 59% of those surveyed said they expected transport prices and of accommodation are higher than before the pandemic, against only 8% who anticipate a drop.

Despite policy adjustments and rising costs, business travel remains a priority for business leaders, with 80% of survey respondents expressing the belief that face-to-face contact with customers and suppliers remains crucial for business purposes.

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