GBTA Poll Shows 40% of Members Seeing Travel Returning in 3 Months
Survey reveals almost all members have canceled or postponed travel >>
by: Harvey Chipkin
A lightning poll by GBTA showed that 40% of members believe business travel will resume within the next three months, while 17% believe it will be six months and most of the remainder say they are unsure when travel will resume. The poll, conducted March 18 to 21, showed that almost all member companies have canceled (95%) and/or postponed (92%) meetings, conferences or events. In addition, 96% of member companies have canceled or suspended all or most international business travel. In response to the crisis, 70% of members report that their companies have instituted new policies pertaining to travel approval. In addition, companies continue to modify travel safety and security policies. Scott Solombrino, executive director, said the crisis is having a “devastating effect” on the global business travel industry, “the likes of which we have never seen.”
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