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)
Michelin Launches Anakee Adventure 2 Tyre For Trail Motorcycle Segment
- By TT News
- January 12, 2026
Michelin has launched the new Anakee Adventure 2, a tyre aimed at the Trail motorcycle segment and engineered to deliver safety, pleasure and freedom for the modern rider. This product is a strategic pillar in the company's global vision for the Trail category, designed for those who navigate daily commutes but live for the spirit of exploration.
The MICHELIN Anakee Adventure 2 is developed for predominantly road-based use while retaining confident off-road capability. It meets the needs of discerning riders who demand safety in everyday conditions alongside the ability to spontaneously explore beyond paved surfaces. The tyre promises enhanced wet grip through advanced silica-based compounds and offers improved longevity, with significant increases in mileage over its predecessor. It also provides superior riding comfort through reduced noise perception, leading to less fatigue. Its versatility is confirmed by an M+S marking and a tread pattern optimised for effective traction on varied terrain.
These benefits are achieved through Michelin's latest technologies, including a dual-compound construction for durability and grip, reinforced casing architecture for stability and comfort, and a new tread design that balances on-road refinement with loose-surface traction. The tyre also features a premium sidewall design to complement the aesthetic of modern adventure motorcycles. It is available for a comprehensive range of flagship models from manufacturers such as BMW, Honda, Ducati, Triumph and KTM.
This launch completes Michelin's strategic Trail portfolio, which ranges from purely road-focused tyres to those with off-road bias. The introduction of the Anakee Adventure 2 is a key component of Michelin's broader ambition to become a leading force in the Trail segment by 2030. This strategy is built upon strengthening brand image through motorsport heritage, fostering a dedicated rider community via engagement initiatives, and expanding original equipment partnerships with major motorcycle manufacturers. The MICHELIN Anakee Adventure 2 is available globally through authorised dealers.
Michelin Returns To Elite Cycling With Team Picnic PostNL
- By TT News
- January 12, 2026
Michelin will join Team Picnic PostNL as an official technical partner from 2026 onwards, signalling the tyre manufacturer's high-profile return to elite road racing. This alliance is founded on a shared drive to expand performance boundaries through dedicated innovation. Rather than a mere supply agreement, the collaboration entails a deep technical union between the brand’s engineers and the team’s performance specialists. The primary goal is to validate Michelin tyre capabilities under the most demanding race conditions and to jointly pioneer next-generation technologies.
Team Picnic PostNL, a leading World Tour squad with men’s, women’s and development rosters, will exclusively race on state-of-the-art tyres co-developed with Michelin, set to debut in competition this coming February. This partnership embodies a modern and ambitious sporting vision, uniting both entities under core values of elite performance and innovation. Data and feedback gathered across all racing programmes will fuel a continuous cycle of optimisation, aimed at propelling the team to the podium while simultaneously accelerating the development of future consumer tyre products.
For Michelin, this venture integrates competition directly into its global innovation strategy, using the rigours of world-class cycling as a dynamic proving ground and beacon for technological advancement.
Vincent Ledieu, Director – Cycling Programme, Michelin, said, “By partnering with Team Picnic PostNL, Michelin is showing its support for the world of top-level road cycling. Working closely with the riders and the whole team allows us to better understand the demands of competing at the highest level. This partnership allows us to continue to develop innovative tire technologies while supporting Team Picnic PostNL's ambitions in World Tour competition.”
Piet Rooijakkers, Team Picnic PostNL's R&D expert, said, “Our partnership with Michelin allows us to have very high-quality equipment that is perfectly suited to the demands of the World Tour. By working closely with their engineers, we quickly turn user feedback and performance data into actionable improvements. This process of continuous learning and optimisation is essential for Team Picnic PostNL, and we see this collaboration as an important step in pushing performance to the next level.”
Toyo Tires Secures CDP ‘A List’ Recognition For Actions Against Climate Change
- By TT News
- January 10, 2026
Toyo Tires has made its way to the annual A-List of CDP for its climate change mitigation efforts. This premier recognition, awarded for the first time to the company in the 2025 evaluation, reflects the company’s comprehensive decarbonisation efforts, which include validated science-based targets for cutting greenhouse gas emissions and a shift towards renewable energy at its production sites. CDP’s annual assessment is a key benchmark for corporate sustainability across climate, water and forests.
The assessment also highlighted Toyo Tires' commitment to transparency, as verified by independent third-party data reviews. Viewing its business activities as intrinsically connected to society and the future, the Toyo Tires Group treats reducing environmental impact as a top operational priority.
Moving forward, the company is dedicated to advancing decarbonization across all its manufacturing processes and broader supply chain, aiming to support a sustainable global society.
Apollo Tyres Expands Vredestein Gravel Tyre Range With Aventura Core Series
- By TT News
- January 10, 2026
Apollo Tyres Ltd has introduced a new and more affordable range of gravel tyres under the Vredestein Aventura Core Series. This new-generation family consists of three distinct models: the Aventura Seta Core, Aventura Core and Aventura Grezzo Core. Engineered in Europe, these tyres are built for enhanced durability and dependable performance across diverse surfaces, offering riders a cost-effective upgrade for adventure biking.
The series is constructed around a streamlined Core platform, which incorporates a robust 60 TPI casing for increased puncture resistance and stable handling on uneven terrain. While utilising the proven tread patterns of existing Vredestein gravel tyres, this refined construction delivers high-end capability at a more accessible price point.
Each model is tailored for specific riding conditions. The Aventura Seta Core is designed for speed, with a race-optimised tread for fast rolling on asphalt and high-speed gravel, complemented by shoulder knobs for technical cornering. For versatile, everyday use, the Aventura Core offers a balanced blend of rolling efficiency and predictable grip across tarmac, hardpack and gravel roads. Finally, the Aventura Grezzo Core provides confidence on loose and rugged terrain, featuring an aggressive tread for enhanced traction in sand and soft surfaces, while its chained centre tread maintains efficiency on harder ground.
The Aventura Core Series will be available starting 1 February 2026. The Aventura Seta Core comes in 40, 45 and 50-622 sizes. The Aventura Core is offered in 50-584 and 40, 45, 50-622 sizes. The Aventura Grezzo Core is available in 50-584 and 40, 45, 50-622 sizes. Colour options include black/black and black/transparent sidewalls.
Nic Knippers, Division Head – Vredestein Two Wheel Tyres, Apollo Tyres Ltd, said, “The Aventura Core Series marks an important expansion of our gravel offering within the Vredestein range. By introducing three purpose-designed tyres built on a shared durable foundation, we can better support riders across the full spectrum of gravel terrain – from high-speed racing to off-road exploration and everyday mixed-surface riding.”
Comments (0)
ADD COMMENT