Business travel represents a substantial force in the global economy. Just before the Covid-19 pandemic hit, it contributed to more than USD 1.2 trillion, about 25 percent of the travel and tourism sector’s overall economic impact, to the global GDP. Businesses had resumed spending on travel after substantial declines in 2008 and 2009.

A research by Global Business Travel Association Foundation had found that for every one percent change in business travel spending, the US economy typically gains or loses 74,000 jobs, USD 5.5 billion in GDP, USD 3.3 billion in wages and USD 1.3 billion in taxes. The report also stated that personal vehicle (35 percent) was the most popular mode of transportation among US business travellers in 2016, followed by airplane (28 percent) and rental cars (13 percent).

Internal travel encompasses trips taken for intracompany purposes, where employees participate in activities such as training, team building or inspection of field operations. External travel, on the other hand, refers to travel done by employees for engagements outside the company, including in-person meetings with clients and suppliers, trade conferences and customer sales calls.

"Obstacles to business travel, such as cumbersome visa protocols and long flight connections, constrain access to knowhow and limit growth opportunities, especially in developing countries," said Frank Neffke, research director at Harvard Kennedy School’s Growth Lab.

Benefits Of Business Travel

In the past, companies have experienced that, on average, 40 percent of customers would eventually be lost without in-person meetings and support.

Detailed statistical modelling over 18 years and 14 industries indicates that for every dollar invested in business travel, US companies make a USD 9.50 return in terms of revenue. The modelling also found that US business travel has yielded USD 2.90 in profits for every dollar spent.

There is a small segment of employees for whom travel is deemed essential for conducting business. This category accounted for around 15 percent of all corporate travel expenses in 2019 and includes decision makers in manufacturing companies with a wide distribution of factories and plants, and field-operation workers. For some corporate travellers, it is possible to move oversight responsibility to local personnel and/or utilise digital medium. This segment will see their business travel decline. A large segment of business travel is done to cultivate new or important client relationships. This segment will bounce back as soon as Covid-related restrictions are lifted.

A tiny portion of business travel comes from the public sector, professional associations and nonprofits. During the pandemic, many professional associations were able to hold virtual events to replace in-person conferences and will likely be more cautious in their return to travel.

Business Travel Catches The Virus!

Business travel has taken a big hit during the Covid-19 pandemic and its future is still up-in-the-air, waiting for the end of the pandemic and firming up the ‘New Normal’. In 2020, total global business travel expenses contracted by 52 percent, while managed corporate-travel spending in the United States alone plummeted by USD 94 billion (71 percent).

The World Travel and Tourism Council’s (WTTC) latest annual research shows that the global travel and tourism sector suffered a loss of almost USD 4.5 trillion to reach USD 4.7 trillion in 2020, with its contribution to GDP dropping by a staggering 49.1 percent compared to 2019. In 2020, sixty-two million jobs were lost, representing a drop of 18.5 percent, leaving just 272 million employed across this sector globally, compared to 334 million in 2019. The threat of job losses persists as many jobs are currently supported by government retention schemes and reduced hours, which could be lost without a full recovery of the travel and tourism sector.

Some business travellers expect to take at least as many business trips in 2022 as they had in the year before the Covid-19 pandemic was declared. While teleconferencing will reduce the need for some business travel, many survey respondents cited the need to meet in-person to rekindle relationships with customers, suppliers and business partners. Another frequent reason cited for the need to travel for business was a job change.

The countries most eager to travel for business once Covid-19 travel restrictions are lifted seem to be China, US and Australia. Of course, the potential increase in Covid cases from the Delta and future variants of the virus may still cause further backsliding on rising confidence levels for resumption of business travel. (TT)

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Goodyear kicks off its latest European Le Mans Series campaign this weekend in Barcelona, where it remains the sole tyre provider for the LMP2, LMP2 Pro/Am and LMGT3 classes. The season opener at the 4 Hours of Barcelona will see 37 cars racing on Goodyear Racing Eagle tyres at a circuit infamous for pushing both tyre performance and pit strategy to their limits.

What makes the Circuit de Barcelona-Catalunya so demanding is the constant dilemma it creates for team strategists. The common practice of running two stints on a single set of tyres offers valuable time savings by reducing pit stops, but that benefit must be weighed against the gradual loss of grip over many laps. Goodyear anticipates this very calculation will once again shape the outcome of the 4-hour contest.

For the LMGT3 category, the hard compound of the Racing Eagle has been chosen specifically to endure Barcelona’s abrasive surface, a tyre previously proven on tough tracks like São Paulo, Austin and Bahrain in the FIA World Endurance Championship. Meanwhile, LMP2 contenders will run Goodyear’s newest Eagle slick, a specification introduced at Le Castellet last season that now becomes the fixed LMP2 tyre for the full 2026 ELMS season and for the 24 Hours of Le Mans this June.

Beyond the dry tyres, each class is also equipped with a Racing Eagle wet tyre whose tread pattern is designed to channel away water and sustain grip in the rain. Goodyear’s presence this weekend extends far beyond Spain, as its Racing Eagle tyres are also competing at Bristol Motor Speedway in Tennessee across three NASCAR series and at the NHRA Winternationals in Pomona, California.

Stephen Bickley, Goodyear Endurance Program Manager, said, “Barcelona is demanding on tyres, with long, high speed corners and a layout that typically places enormous load on the front-left. That high stress is exactly why we’ve chosen the Eagle Hard compound for LMGT3 this weekend: it can withstand the aggressive wear and degradation, giving teams the confidence to plan their strategies and decide whether double-stinting will deliver the best race performance.”

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Kumho Tire USA has announced a significant contribution to the Tire Industry Association’s Tire Industry Scholarship programme, which operates in collaboration with the University of the Aftermarket Foundation (UAF). Over the next five years, Kumho will donate USD 5,000 annually, resulting in a total pledge of USD 25,000 aimed at supporting the next generation of professionals in the tyre and automotive service sectors.

This scholarship programme provides USD 2,500 awards to students who are pursuing higher education or vocational training directly related to the tyre and automotive service industry. By administering these funds through the University of the Aftermarket Foundation, the programme seeks to build a stronger talent pipeline for the industry through educational support.

Kumho Tire now joins a growing list of member companies from the U.S. Tire Manufacturers Association (USTMA) that have chosen to back this scholarship effort. The programme was first established in November 2025, and Kumho’s commitment reinforces the collective drive to invest in future workforce development.

Ed Cho, CEO, Kumho Tire USA, said, "Our five-year pledge to the TIA Scholarship programme reflects KUMHO's broader commitment to developing and supporting the next generation of tyre industry professionals. We are proud to invest in education and help provide greater opportunities for the future workforce who will shape our industry."

Dick Gust, CEO, Tire Industry Association, said, "Kumho Tire USA's generous commitment is a powerful investment in the future of our industry. By supporting the Tire Industry Scholarship programme, they are helping to build a stronger, more skilled workforce and opening doors for the next generation of industry professionals."

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The Dunlop RoadSmart IV has emerged as the top performer in the latest road tyre test conducted by renowned German publication MOTORRAD. This premium sport touring tyre received high marks for its outstanding handling characteristics and its ability to deliver balanced performance regardless of weather or road surface conditions. The victory adds to Dunlop’s growing list of independent testing successes this year, following a similar overall win for the SportSmart mk4 in an earlier sport tyre comparison.

In the test, MOTORRAD fitted three road focused tyres to a BMW R 1300 GS using the specific sizes of 120/70 R19 at the front and 170/60 R17 at the rear. The RoadSmart IV secured first place overall in the road tyre category, demonstrating class leading wet performance while also tying for the best results in the dry sub category. This achievement marks the second time in half a decade that this particular tyre has claimed top honours in a MOTORRAD test.

Testers were especially impressed by the tyre’s precise dry handling and the clear feedback it provides to the rider. They observed that the RoadSmart IV turns in more easily than its rivals, making it highly recommended for motorcycles that tend to have sluggish steering behaviour. On the BMW test bike, the tyre felt stable rather than unsettled, excelling with high cornering speed, solid grip at maximum lean angle and extremely accurate feedback. In wet conditions, the tyre offered easy manoeuvring ability through fast cornering sequences, with its precise communication clearly signalling the limits in a user-friendly manner.

MOTORRAD summarised the RoadSmart IV as an incredible all-rounder that combines excellent handling with top performance in all conditions, even suggesting that riders on a GS could use it to annoy superbike riders. Thanks to its strong showing on both dry and wet surfaces, the tyre also earned the magazine’s coveted Kauftipp, or purchase recommendation, award.

Roberto Finetti, Marketing Manager, Dunlop Motorcycle Europe, said, “This result for RoadSmart IV reinforces our goal to deliver a perfect balance of outstanding dry performance and exceptional wet grip and precise handling, even after several thousand kilometres. We’re proud to see it recognised once again as a benchmark in the sport touring segment.”

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The JK Tyre - WIAA Women's Car Rally to Valley 2026 took off on 28 March from NSCI, Mumbai, with a flag-off ceremony led by Western India Automobile Association (WIAA) Chairman Nitin Dossa and JK Tyre officials. Over 200 women participated, decorating their vehicles around themes like cancer awareness, gender equality and women’s empowerment before driving towards the Novotel Imagicaa hotel in Khopoli.

Families and supporters gathered at the start, creating a festival-like mood as participants wore themed attire. The rally follows a Time-Speed-Distance format, rewarding precision and teamwork over speed, with contestants navigating hilly roads for about 125 kilometres to the finish.

Organised by the 107-year-old non-profit Western India Automobile Association, which advocates for safe mobility, road safety, environmental sustainability and policy change, the event has become a platform celebrating womanhood and resilience. This year’s edition reinforced the global road safety messages of #CommitToLife and #BeSafeBeStrong.

JK Tyre has long supported women in motorsport through dedicated initiatives, and its continued partnership with the WIAA Women’s Car Rally reflects a belief that motorsport can drive meaningful change both on and off the road.

Srinivasu Allaphan, Director – Sales & Marketing, JK Tyre & Industries, said, “For over a decade, we have been committed to encouraging women’s participation in motorsport, and the JK Tyre–WIAA Women’s Car Rally to Valley stands as a testament to that vision. Now a marquee event, the rally celebrates the spirit of motorsport while championing important social causes. We are encouraged by the strong enthusiasm of the participants as we continue to build greater awareness around road safety.”

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