Virtual Meetings Will Prompt Travel Budget Cuts — Exclusive Survey
Photo Credit: Business travel could return at significantly reduced levels after crisis. Unsplash / Saulo Mohana
Skift Take
This candid snapshot reveals how some corporations are already starting to rethink travel, and the shape of things to come.
The influence of virtual meeting technology will have a long-lasting impact on travel programs after the crisis.
That’s according to a survey of senior travel buyers that Skift commissioned through Netherlands-based Cortas (Corporate Travel Association).
Skift also quizzed those members — who are responsible for spending of between $10 million to $100 million per year — on how they are assessing new supplier hygiene standards and dealing with airline refunds.
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Virtual Transition Virtual meetings look set to significantly hit travel budgets in the future. Three-quarters said the pandemic would lead to their allocated travel spend being cut. Just 17 percent replied there would be no change, while 8 percent said they were unsure. Of those who predicted
