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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Tegeta Green Planet recently took part in a two-day Circular Economy Hackathon at Senaki Tech Park, an initiative funded by the Georgia Innovation and Technology Agency (GITA). The gathering sought to connect the circular economy and waste management fields with technological innovation, with organisers working to pinpoint urgent industry challenges and craft workable technological solutions, prototypes and business models in response.

For Tegeta Green Planet, an Extended Producer Responsibility organisation, pursuing such technological routes matters greatly, since effective waste handling, resource reuse and the real-world application of circular economy principles call for up-to-date, intelligent technological methods and flexible systems. Team members contributed by joining a panel discussion, guiding participants through the project development stage, and finally choosing their preferred team.

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TyreSafe, UK’s leading tyre safety charity, has joined forces with Mat MacDonald, the West Midlands Road Safety Commissioner, in a bid to raise greater awareness of how tyres contribute to keeping road users safe. The collaboration draws on TyreSafe’s longstanding expertise in tyre safety education alongside MacDonald’s broader road safety remit.

MacDonald, the UK’s first Road Safety Commissioner, works with partners across the West Midlands to improve road safety and reduce the number of people killed or seriously injured on the region’s roads. His wider background includes experience as an NHS doctor supporting victims of road collisions and a previous role as chair of Better Streets for Birmingham, a group established to campaign for safer and better connected public spaces in the city.

TyreSafe maintains that tyre safety must form an integral part of this work. Tyres are a vehicle’s only point of contact with the road, playing a critical role in braking, steering and grip, yet condition, pressure and tread depth can be overlooked by drivers, increasing the risk of collisions and breakdowns. Through the collaboration, both parties aim to reinforce the importance of tyre safety as part of a wider commitment to safer journeys and preventing avoidable harm.

The charity is encouraging every road user to follow its ACT approach, which covers air pressure, condition and tread. Drivers are advised to check pressures regularly in line with manufacturer recommendations, look for cuts, cracks, bulges, embedded objects and uneven wear, and ensure tread depth is legal and suited to the vehicle. Such checks should form part of routine maintenance, with professional advice sought if concerns arise. TyreSafe continues to promote practical steps through work with road safety organisations, emergency services, industry partners and public bodies.

MacDonald said, “Traffic collisions can change lives in an instant on our roads, wiping out futures and leaving behind unimaginable trauma for witnesses and survivors. Safe vehicles are one of the key pillars of the system we’re trying to create, in which no-one is killed or seriously injured as they travel. That’s why I’m so proud to be supporting TyreSafe’s work in this area, raising awareness of the risks associated with illegal or poorly maintained tyres and encouraging road users to take practical steps to ensure their vehicles are safe and roadworthy. Checking your tyres before you drive is a small act, but there’s no doubt it could prevent your journey from ending in a devastating tragedy.”

Stuart Lovatt, Chairman, TyreSafe, said, “We are delighted to be working with Mat MacDonald to strengthen the focus on tyre safety as a fundamental part of road safety. Tyres are often overlooked, despite being critical to a vehicle’s ability to brake, steer and maintain grip. Our aim is to make tyre safety an everyday consideration for every road user, rather than something people think about only when a problem arises. Partnerships are essential to reaching more people with clear, practical advice that can help change behaviour and reduce risk. By working together, we can reinforce the message that checking your tyres takes only a few minutes, but those checks could make all the difference.”

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FALKEN, a tyre brand under Dunlop Tyre Europe GmbH, has renewed its partnership with the International Handball Federation (IHF), extending its sponsorship to cover both the 2027 and 2029 IHF Men’s Handball World Championships. The agreement was brokered by SPORTFIVE, the IHF’s exclusive commercial agency for worldwide media and marketing rights through 2031.

The renewed deal continues a cooperation that began with the 2019 World Championship and persisted through the 2023 and 2025 tournaments. FALKEN served as official event partner for the 29th edition in 2025, gaining visibility through LED advertising boards and goal-area signage that reached millions of fans globally and reinforced its standing as a sporty upper mid-range tyre provider.

Shared values of precision, performance, reliability and the pursuit of excellence underpin the collaboration, qualities the brand describes as essential both on the handball court and on the road. The extension signals FALKEN’s commitment to international handball as a communications platform.

The 30th IHF Men’s World Championship will be held in Germany from 13 to 31 January 2027 across Munich, Stuttgart, Magdeburg, Kiel, Hannover and Cologne under the motto ‘Where Handball is Alive’. Through 2029, FALKEN aims to build long-term, authentic sporting partnerships and bring its brand values to a global audience.

Dr Hassan Moustafa, President, International Handball Federation (IHF), said, “I am pleased to confirm the continuation of our partnership with FALKEN for the IHF Men’s World Championships in 2027 and 2029. FALKEN has been part of our tournament for several years, and the extension of this partnership underlines our shared commitment to performance and excellence, values that define both our sport and the FALKEN brand. I would like to thank FALKEN for its continued trust in the IHF and in the Men’s World Championship and look forward to welcoming the brand back to our courts in Germany and again in France and Germany for the upcoming tournaments.”

Markus Bögner, Managing Director and President, Dunlop Tyre Europe GmbH, said, “Our shared values, the successful partnerships of previous years and the FALKEN brand’s deep roots in sport provide a strong foundation to continue our commitment. We are delighted to partner with the IHF Men’s Handball World Championships in 2027 and 2029 and look forward to the excitement and entertainment it brings fans. The extension of our partnership with the IHF enables us to further expand our presence on a global stage and connect with millions of enthusiasts all around the world.”

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Kumho Tire USA has marked a successful return to off-road racing in the 2026 season, with its three sponsored drivers securing multiple class podium finishes. Mark Duval, Stephen ‘Woody’ Rose Jr and Eric Wikle all competed on KUMHO Road Venture MT71 mud-terrain tyres, which are engineered for the varied terrain and harsh conditions of competitive off-road courses.

Duval, driving the #4810 entry, claimed the 4800 Class title in the Valley Off Road Racing Association Season Championship after winning all four events in the series. He completed the campaign without a single puncture on his KUMHO tyres. Rose, in the #22 vehicle, earned the Ultra4 Western Regional Series Championship in the 4800 Class, recording one victory and two fourth-place finishes across four demanding races.

Eric Wikle, piloting the #406 entry, took first place in the Rock800 Legends class at the 2026 Casey Folks Vegas to Reno race. He navigated the rigorous 505-mile Nevada desert course, which was run in reverse for the first time in the event's history, with racers competing for the quickest time from Reno to Las Vegas.

The Road Venture MT71 features increased block stiffness for enhanced on- and off-road handling, a high-void tread pattern with a zig-zag and dual-pitch design for maximum off-road traction and mud and stone ejector bars between the shoulder lugs to prevent damage and aid self-cleaning. The drivers' results demonstrate Kumho Tire's commitment to high performance and durability across its Road Venture light truck and SUV tyre range.

Ed Cho, CEO, Kumho Tire USA, said, “We are extremely proud of the success of our drivers this season, which is a testament to the strength and performance of our Road Venture MT71 tyres. Key product insights gathered from these races will be integrated into the next generation of all-terrain tyres to ensure that racing-grade innovations reach everyday drivers.”

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