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)
Hankook Ventus TD Shines At 2026 Bathurst 6 Hour Endurance Race
- By TT News
- April 14, 2026
Hankook Tyre Australia successfully participated as the official tyre supplier for the 2026 Bathurst 6 Hour, held from 3 to 5 April at the iconic Mount Panorama Circuit. This role reinforced the company’s dedication to advanced tyre technology and high-performance motorsport. The primary endurance race took place on 5 April, lasting six demanding hours.
To support the event, Hankook Tyre Australia deployed its sophisticated motorsport tyre technology, specifically the Ventus TD semi-slick competition tyre. Engineered for rigorous track driving, this tyre provides exceptional dry grip, steady handling and improved longevity over long race stints. Its design focuses on durability, heat management and even load distribution for consistent wear.
The 2026 edition marked the 10th running of the Bathurst 6 Hour, featuring 69 cars across various classes. The challenging 6.2-kilometre Mount Panorama Circuit, with its high-speed sections, technical turns and steep elevation changes, solidified this event as Australia’s top production car endurance race.
The race itself was highly competitive and fluid, featuring numerous lead changes and tactical battles throughout the six hours. Victory went to Supercars driver Thomas Randle alongside Ben and Michael Kavich after a tight contest resolved only in the closing laps. In this demanding environment, the Ventus TD proved critical, offering stable grip and predictable handling over long stints to optimise race strategy, while its compound and tread design minimised wear and supported balanced load distribution under varying track conditions.
Trelleborg Tires To Exhibit XP1000 Material Handling Tyres At Intermodal South America 2026
- By TT News
- April 14, 2026
Trelleborg Tires will exhibit at Intermodal South America 2026 from 14 to 16 April at Distrito Anhembi in São Paulo, Brazil, showcasing the XP1000 tyre for high-intensity material handling. The company will be at booth M023 and within the Smart Intralogistics area, reinforcing tyres’ role in automation and process optimisation. This presence highlights Trelleborg as a strategic partner where tyre solutions ensure stability and efficiency in data-driven operations.
Used on forklifts in warehouses, ports and industrial sites, the XP1000 delivers stability, durability and consistent performance to reduce interruptions. Its Pit Stop Line visual wear indicator signals replacement up to 100 hours in advance, enabling accurate maintenance and reducing unplanned downtime. Produced at the Feira de Santana plant in Brazil for domestic and South American markets, production rose 57.5 percent between 2024 and 2025, reflecting strong demand.
The tread design combines lightweight construction with recycled fibre compound, while the Pit Stop Line minimises waste, ensuring performance, material savings and lower environmental impact. Logistics operations are transforming through automation, electric fleets and data-driven management, key themes at Intermodal. In this context, tires directly impact operational stability and safety.
The Smart Intralogistics area focuses on automation and efficiency within warehouses and industrial facilities. Within this environment, the XP1000 helps reduce bottlenecks and maximise productivity. Trelleborg Tires is the only tyre manufacturer in this area, reinforcing tyre solutions as integral to modern intralogistics systems.
Marcelo Natalini, President, Yokohama TWS South America, said, "The modernisation of logistics operations requires components capable of keeping pace with the sector’s increasing demands for productivity and efficiency. Tyres play a key role in this context, directly contributing to operational reliability and continuity."
Pirelli Strengthens Dutch Round Tyre Lineup With New Soft Rear Specification F0298
- By TT News
- April 14, 2026
Pirelli has introduced a new development rear tyre for the Dutch Round of the FIM Superbike World Championship at the iconic TT Circuit Assen. Designated F0298, this soft compound option is engineered to improve stability and deliver greater performance consistency over race distance. It joins the existing DIABLO Superbike rear range alongside the supersoft SCX, the soft SC0 and the medium SC1. The SCX is reserved for practice sessions, qualifying and the Superpole Race, while the SC0 and SC1 serve as the soft and medium race alternatives.
For the front axle at Assen, riders can choose between the soft SC1 and the medium SC2. Given the high likelihood of rain in the Netherlands during this season, Pirelli also provides wet weather solutions including the DIABLO Wet intermediate tyres and the DIABLO Rain full wets. In the WorldSSP class for its third round, the standard front tyre options are the SC1 and SC2, while the rear uses SCX and SC0 compounds.
Also returning to the track during the Dutch weekend are the World Sportbike Championship riders and the women of the WorldWCR series. Both championships use SC1 tyres on both axles, with a 120/70 front and 180/60 rear specification. This completes the tyre allocation across all classes competing at Assen.
Giorgio Barbier, Pirelli Motorcycle Racing Director, said, " With the 2026 WorldSBK Pirelli Dutch Round, the Championship arrives at the TT Circuit Assen, one of the most iconic tracks in world motorcycling. Both fast and technical, Assen features a mix of low-, medium- and high-speed corners, as well as often variable weather conditions, which over the years have played a decisive role in race outcomes.
“For the third round, confirming a continuous development effort aimed at improving both single-lap performance and further increasing consistency over race distance, Pirelli is providing teams and riders with a new development soft rear solution, the F0298. This tyre could represent a valid alternative to the standard SC0, with the goal of improving stability while ensuring a high level of consistency in race conditions.
“Taking into account the characteristics of the circuit and potentially low temperatures, our choice for qualifying and the Superpole Race has fallen on the supersoft SCX, which until last season was known as the development tyre E0126 and has become part of the standard range this year. For the same reason, as an alternative to the standard and development soft options, riders will also be able to rely on the medium SC1 rear in case of cold conditions.”
DIKABO And BEAR Machines Drive Tyre Circular Economy With BEAR-CUT Technology
- By TT News
- April 10, 2026
AZuR partners DIKABO and BEAR Machines have deepened their joint efforts by combining practical innovation with strategic growth in tyre recycling. Through the adoption of BEAR-CUT technology, DIKABO is building a new product line focused on reprofiling, demonstrating how collaboration can advance the circular economy in the commercial vehicle tyre sector.
The semi-automatic BEAR-CUT machine allows DIKABO to offer precise and repeatable reprofiling of truck tyres while fitting smoothly into existing workshop workflows. Sven Wehrmeyer, Managing Director, DIKABO highlights the equipment’s speed, high-quality cuts and straightforward setup, which together enabled immediate productivity gains. The company now plans to recut up to 55 tyres daily for its customers.
Reprofiling plays a vital role in the tyre circular economy by extending tyre mileage by as much as 25 percent, cutting the need for new tyre production, and lowering CO₂ emissions. With BEAR-CUT, DIKABO can further refine this process and tap into new market opportunities. Establishing its own reprofiling division is a strategic move into a high-growth segment that lowers material and energy costs while boosting tyre longevity.
Investing in BEAR-CUT is both a technological upgrade and a strategic portfolio expansion for DIKABO, creating a scalable business model with strong commercial vehicle demand and reinforcing its role in sustainable tyre services. This partnership exemplifies the AZuR network’s philosophy that innovations should be developed and scaled collectively, turning new technologies into resource efficient, low emission and competitive business solutions.
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