Cloud tech company Dropbox has never recorded an annual profit, but margins are up since 2019 thanks to remote work, layoffs and savings on travel and events. The company is betting everything on remote work. It didn’t just reorient its products to better serve customers working virtually. Execs also expect “significant” financial improvements by subleasing…
Companies everywhere sound serious when they say they intend to make operations more sustainable. A surge in those publicizing targets and signing climate protection commitments includes several big names that assigned “science-based” goals to business travel emissions reductions. EY, one of the world’s largest business travel spenders, aims to be carbon negative this year by…
In his own way, Serko’s Tony D’Astolfo issues a call to action to get the industry out of the gutter. The last time I stepped foot in a bowling alley was on March 12. It was pre-lockdown, pre-travel restrictions. My bowling league will start again in a couple of weeks, and I’ll be back in…
Industry provocateur Scott Gillespie of tClara poses the question, “Why travel for business?” To help answer that, tClara between Aug. 17 and Oct. 12 surveyed 272 U.S.-based managers and executives via two market research panels about the merits of virtual versus in-person meetings. Covid-19 has forced the widespread adoption of virtual meetings and decimated the…
This autumn isn’t panning out the way many of us expected. Business travel hasn’t bounced back, and in-person industry education is non-existent. Fortunately, virtual forums are standing in. The batch of insights below came from online events conducted by Deem (Sept. 24), the Institute of Travel Management (Sept. 29), and Atlas Travel, Cornell University and…
Airlines, hotels and other travel suppliers this summer began piecing back their operations, but if recent surveys are indicators, they shouldn’t expect much corporate travel before next year. After a month or two of improving sentiments, the outlook changed for the worse as Covid-19 continued its resurgence in many locations. According to the Global Business…
Most in-person events organized by industry membership associations are on hold. Even if conditions improve to allow them to resume, consultant Tony O’Connor doesn’t think they should in the same way. As a leader for the Global Business Travel Association in the Australasia region, he has an inside view. His vision for a new model…
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