A Gloomy Corporate Travel Prediction for Hedge Funds and Tech Firms
A McKinsey partner has warned "digital adopters" may never see the point in returning to business travel as we used to know it.
Articles tagged “mckinsey and company”
Co-Working Giants Turn to Franchising Model in Era of Remote Work
WeWork and IWG will vie for an “asset light” future to recover after the pandemic. And with that, branding becomes even more important in the world of work.
The Biggest Challenge to the Recovery of Hotels in 2021
Leisure travelers proved there was pent-up vacation demand once travel restrictions lifted. Hotel owners need the corporate travel and events sector to follow suit in 2021.
Corporate Travel’s Downturn Will Deliver This Financial Blow Across All of Travel
Billions of dollars in revenue are at stake next year, even once a dire 2020 is out of the way.
All U.S. Hotel Sectors Saw a Profit in July — Yes, Really
Hoteliers shouldn't get used to good news. U.S. full-service hotels may have seen a very slight average profit per room in July, but the peak summer travel season is fading — and the pandemic still isn't under control.
Travel Companies Struggle With Chaotic Surges in Bookings When Restrictions Lift
Living with haphazard spikes in travel bookings is the new abnormal. Few brands are ready. But those that are prepped will take market share.