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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Epsilon Carbon Pvt. Ltd., a global manufacturer of carbon black and speciality carbon products, has published its sixth Sustainability Report for FY 2025–26, titled ‘Anchored in Carbon. Embedded in Circularity’. The document outlines the company’s advancements in emissions reduction, energy efficiency, workplace safety, inclusion and community development while detailing its strategy for a more responsible and resilient carbon value chain.

The company’s sustainability efforts are deeply integrated into its manufacturing operations and its support for customers in the tyre, rubber, manufacturing and industrial sectors. Epsilon Carbon aims to supply dependable carbon materials while enhancing resource efficiency and lowering the environmental footprint of production. In FY 2025–26, it recorded a 98 percent drop in Scope 2 emissions intensity against its FY 2022–23 baseline, alongside a 6 percent reduction in energy consumption intensity driven by operational improvements.

A 17 MW captive power plant using waste hot gases from production remained central to decarbonisation, achieving 77 percent waste heat recovery utilisation and remaining on target. This helped avoid over 89,000 tonnes of CO₂ emissions by reducing coal-based power reliance. The company also cut Scope 3 emissions intensity by 8.13 percent compared with FY 2024–25, supporting more sustainable manufacturing across its value chain. Its Vijayanagar plant holds an annual capacity of 215,000 tonnes of carbon black and 500,000 tonnes of speciality carbon.

The report further highlights workplace safety and inclusion, with zero fatalities, 10 percent women representation on the Board and 9.41 percent of the overall workforce. CSR programmes positively impacted approximately 140,000 lives, fostering community development near its operations. Epsilon Carbon’s sixth Sustainability Report gives stakeholders a clear view of its ESG performance and reinforces its focus on responsible growth, operational excellence and its expanding role in the global carbon materials industry.

Vikram Handa, Managing Director, Epsilon Carbon, said, “Sustainability is central to how we are building Epsilon Carbon for the future. Our progress in reducing emissions intensity, increasing the use of waste heat recovery and improving energy efficiency shows what is possible when sustainability is built into everyday operations. Our customers in tyres, rubber and other manufacturing sectors are also working towards more responsible and efficient value chains. We are committed to supporting them through dependable products, strong manufacturing capabilities and continued innovation. Alongside our environmental priorities, we remain focused on safety, inclusion and creating a positive impact in the communities where we operate.”

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Toyo Tire U.S.A. Corp (Toyo Tires) celebrated a milestone achievement in short-course off-road racing as driver Ryan Beat captured the 2026 Championship Off-Road Pro-2 title. The decisive rounds unfolded at Glen Helen Raceway in San Bernardino, California, where Beat piloted his #51 Bilstein / Toyo Tires / Rockstar Energy / Chevrolet truck to the first Pro-2 crown of his racing career.

Beat arrived at the season finale holding a 17-point advantage but faced punishing Southern California heat and a determined group of rivals. A mid-race restart intensified the competition, yet Beat powered through the field and crossed the finish line first on Saturday night, sealing the championship.

His truck ran on standard 35x12.50R17 Open Country C/T tyres throughout the campaign. Beat concluded the year at the top of the Pro-2 standings with 722 points. The result marked the sixth occasion he has placed among the top three in the class, having previously earned four runner-up finishes and one third-place result.

The championship extends Team Toyo’s strong presence in short-course competition, complementing Pro-4 titles claimed by CJ Greaves across 2023 through 2025 and Kyle LeDuc between 2012 and 2020. Toyo-backed drivers have also found success in desert racing, with six SCORE Baja 1000 victories, six Baja 500 wins, five Baja 400 triumphs and four San Felipe 250 titles.

Beat said, “The championship came down to the final race and to not only win the title, but to do it by winning the final race was a dream come true. Surrounded by my family, friends and partners, this one is going to be hard to top.”

Adrian Puente, Events, Motorsports and Technical Manager, Toyo Tire U.S.A. Corp, said, “Congratulations to Ryan and his motorsports team on securing the first Pro-2 championship of his career! A hard-fought season ending in triumph is a great result for Team Toyo and showcases the versatility and performance of our tyres on and off the track.”

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The DUNLOP ALL SEASON 2 tyre has earned a ‘very good’ rating in the 2026 all-season tyre test conducted by the Automobilclub von Deutschland (AvD). Evaluated against 11 rival all-season tyres spanning premium, mid-range and budget brands, it performed strongly across every category, including wet and dry driving performance. The tyre stood out particularly for its snow performance, efficiency, wear and other environmental considerations. As the lightest tyre in the AvD test, it also achieved the best result for rolling resistance, which directly influences fuel efficiency.

Its overall performance places it among the very best all-weather tyres tested by the AvD this year. With a score of 4.37 stars out of 5, it secured a ‘very good’ rating alongside four other tyres, all of which were more expensive at the time of testing. The AvD examined 12 different 225/50 R17 tyres, one of Europe’s most popular tyre sizes, to assess safety-related handling characteristics across a broad range of driving conditions. All tyres were fitted to a BMW 3-Series and purchased via the open market to ensure independence, with testing carried out between the AvD and TEMPOTIRE, an independent testing organisation.

A strong rating in the annual AvD all-weather tyre test is an important marker of trust in Germany and many other European markets. The test is notably thorough, with tyres rated on a five-star system for braking, traction and handling performance in all conditions, subjective handling performance, aquaplaning in the wet and noise levels and rolling comfort in the dry. It also covers environmental factors such as tyre weight, wear, fuel efficiency, emissions levels and rolling resistance.

The DUNLOP ALL SEASON 2 is engineered to deliver confident driving throughout the year and suits owners of cars and SUVs who prefer not to change their vehicles’ tyres with the seasons. It is available in 74 sizes, ranging from 14 to 20 inches in diameter. Its advanced compound and distinctive V-shaped tread design with three-dimensional interlocking sipes improve braking stability on wet and dry surfaces while creating numerous ‘biting’ edges that can aid traction and grip in snow. A reinforced structure enhances tyre stability, contributing to confident handling on wet and dry roads. Crucially, every variant adheres to Europe’s official Three-Peak Mountain Snowflake (3PMSF) legal standards, meeting the official legal requirements for use throughout winter in European countries and regions where winter tyres are legally mandated, such as Germany and Sweden.

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Goodyear is all geared up for the European Le Mans Series season finale, the 4 Hours of Portimão, supplying its Racing Eagle tyres across LMP2, LMP2 Pro/Am and LMGT3. The Autódromo Internacional do Algarve hosts the decisive round, with its dramatic elevation shifts and technical layout through the Algarve hills expected to produce moderate tyre wear over four hours.

In LMGT3, the Medium specification could enable single-stint strategies, letting competitors maximise pace throughout. For LMP2 and LMP2 Pro/Am, the same Medium compound is built to deliver the consistency needed for double-stint running.

With championships undecided in all three categories, tyre strategy will prove pivotal. LMGT3 leaders Iron Lynx hold just three points over TF Sport, while United Autosports lead Forestier Racing by Panis by 13 in LMP2. The LMP2 Pro/Am top four sit within six points, AF Corse setting the pace.

Portimão also closes the second season of Goodyear Racing's newest Eagle Medium LMP2 specification, now well understood after extensive European Le Mans Series use and two Le Mans outings. It marks the final LMGT3 run for the current Eagle before a more sustainable generation arrives in 2027. Goodyear Racing Eagle tyres additionally feature this weekend at Charlotte in NASCAR and Brands Hatch's British Touring Car Championship finale.

Stephen Bickley, Goodyear Endurance Program Manager, said, “Portimão is a fitting place to bring the European Le Mans Series season to a close. The undulating circuit combines dramatic elevation changes with high-speed corners and more twisty, technical sections, so we expect moderate levels of tyre wear and degradation. It looks like a hot and sunny race awaits us on Sunday, but should wet weather arrive, teams do have Goodyear Racing Eagle wet tyres available.

“It is significant that the LMGT3 field will use our current Goodyear Racing Eagle slick specification for the final time in the series this weekend. Next season, we will introduce a new generation of tyres with 66 percent sustainable-material content, continuing our focus on performance at the highest level of endurance racing.”

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