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)
Linglong Tire Renews Official Tyre Partnership With Chelsea Football Club
- By TT News
- August 27, 2026
Linglong Tire has confirmed its continued role as the Official Tyre Partner of Chelsea Football Club for the 2026/2027 campaign, a season that commenced with a 3-2 away victory for the Blues over Fulham FC. The renewed agreement ensures the brand’s prominent visibility throughout the upcoming fixtures.
As a Global Tyre Partner, Linglong’s branding will feature extensively on digital perimeter boards at Stamford Bridge during all Premier League, FA Cup and League Cup home matches, alongside additional placements on static partner boards and the club’s official website. The comprehensive sponsorship package also includes regular match tickets, VIP hospitality allocations, co-branding rights and deep integration into club media content. Furthermore, the partnership extends to Chelsea Women’s home games, with joint digital activations designed to strengthen fan engagement.
Initial social media contests on Linglong’s European channels have already launched, with winners set to attend the upcoming home fixture against Brighton & Hove Albion. Founded in 1905, Chelsea stands as one of England’s most historic and decorated clubs, boasting over 30 major trophies, including six league titles, two UEFA Champions League crowns and a FIFA Club World Cup victory, underscoring the prestige of Linglong’s ongoing association.
Vittoria Secures Official Partner Role At 2026 MTB World Championships
- By TT News
- August 27, 2026
Italian bicycle tyre manufacturer Vittoria has solidified its prominent status in mountain biking by securing a role as an Official Partner of Val di Sole Bikeland for the 2026 UCI Mountain Bike World Championships. The prestigious five-day competition is being held from 26 to 30 August 2026 at the Daolasa Arena in Commezzadura, a venue renowned as one of the sport’s most iconic global destinations.
The world championships will feature a comprehensive programme of elite racing, with world titles and the coveted rainbow jerseys on the line across multiple disciplines. Events will include Cross-country Olympic, Cross-country Short Track, the Team Relay, Downhill and E-MTB Cross-country, drawing the planet’s top riders to the Trentino valley for a week of high-stakes competition.
Beyond its partnership with the event, Vittoria’s deep-rooted commitment to the sport is evidenced by its long-term support of prominent national cycling federations. The brand currently backs the Italian Cycling Federation, USA Cycling, the Royal Dutch Cycling Union and the Japan Professional Cyclist Association, underlining its dedication to fostering mountain biking at the elite level. With these four national bodies and a roster of world-class athletes relying on its products, Vittoria is poised to be a central figure throughout the championships.
At the venue, Vittoria will operate a dedicated exhibition space in the heart of the action, offering athletes, media, industry insiders and fans a chance to explore its latest technological innovations and view the equipment used by top competitors. This presence reflects Vittoria’s enduring history in international racing and its ongoing investment in developing high-performance tyres and accessories for cyclists of all levels, from professional racers to dedicated amateurs across every cycling discipline.
Stijn Vriends, Chairman & CEO, Vittoria, said, "Being part of the 2026 UCI Mountain Bike World Championships while also supporting some of the world's leading national cycling federations is a tremendous source of pride for us. Val di Sole is one of the true landmarks of international mountain biking and the perfect stage to celebrate our passion for this sport together with athletes, partners and fans from around the world."
Fabio Sacco, General Manager of Apt Val di Sole and Grandi Eventi Val di Sole, said, “The presence of an international brand such as Vittoria alongside the World Championships represents an important recognition for Val di Sole and for the work we have been carrying out for many years to promote and develop mountain biking. Collaborating with leading companies in the industry that share our vision and passion for this sport further strengthens the value of an event that will put Val di Sole and Trentino in the global spotlight. We are proud to welcome Vittoria to Daolasa di Commezzadura and to offer athletes, teams and fans an unforgettable experience in a region where mountain biking has become a fundamental part of its identity.”
DUNLOP Launches Joint Research On Sustainable Natural Rubber Production
- By TT News
- August 27, 2026
DUNLOP (company name: Sumitomo Rubber Industries) has formalised a collaborative research initiative in Bangkok, Thailand, under the Hevea Research Platform in Partnership. Signed on 7 August 2026, the joint agreement brings together the Rubber Authority of Thailand, the French Agricultural Research Centre for International Development and two Thai academic institutions, Khon Kaen University and Kasetsart University.
The project will examine the impact of reduced-frequency latex collection, known as low-frequency tapping systems, on the material properties and internal structural integrity of natural rubber. The research will also evaluate practical obstacles farmers encounter when transitioning to these methods, alongside enabling factors for broader uptake. The goal is to accelerate the company's commitment to sustainable raw material sourcing.
Southeast Asian rubber producers face volatile prices, climatic shifts and a critical deficit of plantation labour. Thailand, in particular, suffers from an acute shortage of skilled tappers, forcing smallholders to rely on an ageing workforce and migrant labourers. The low-frequency approach directly addresses this constraint by reducing collection frequency, offering a potential solution to a regional challenge.
Prior investigations have shown that tapping every three days, combined with a plant growth regulator, can maintain productivity and quality comparable to the conventional two-day interval. However, extended cycles of 4, 6 or 10 days remain poorly understood regarding rubber characteristics. Socioeconomic ramifications, including cost structures and physical workload, also require deeper exploration.
This project will systematically assess technical outcomes of various tapping frequencies and human dimensions of their implementation. Insights will support Sumitomo Rubber Industries' broader strategy, which pursues productivity gains through tissue culture technology for seedlings and improvements in processing facility conditions, ensuring a resilient and responsible supply chain.
Radar Tires Debuts Renegade AT And AT Trail In Northern Portugal Experience Event
- By TT News
- August 27, 2026
Radar Tires introduced its newest all-terrain offerings, the Renegade A/T and Renegade A/T Trail, during an exclusive gathering held from 24th to 27th June 2026 in northern Portugal’s Gerês region, near Peneda-Gerês National Park. The event united distributors from North and South America for an immersive introduction to the flagship products against a landscape blending performance driving with scenic exploration.
Across four days, participants navigated mountain roads, rocky sections, gravel paths and shifting terrain, evaluating on-road composure and off-road resilience. The location carries deep motorsport significance, hosting historic Rally de Portugal stages like Vieira do Minho and Fafe, providing a fitting atmosphere for an event centred on capability and partnership.
Technical seminars led by R&D head Olli Seppälä offered distributors insight into the engineering behind the new models. President and CEO G S Sareen outlined the company’s strategic vision, while recreational activities reinforced the organisation’s commitment to strong relationships alongside product excellence.
The Radar Renegade A/T is a Three-Peak Mountain Snowflake certified tyre for SUVs and light trucks, combining aggressive traction with stable road manners. Dense siping, stone ejectors, side lugs and a fortified sidewall deliver wet grip and resistance to cuts and chips while minimising puncture risks. It will be offered in 89 sizes from 15- to 24-inch rims, with 44 currently available and 45 more in Q3 2026.
The Renegade A/T Trail is engineered for crossovers and SUVs, blending off-road capability with everyday comfort. It features a Trail King tread, temperature-adaptive compound, and Tri-Armor System with stone ejectors and tie bars. It comes in 42 sizes from 15 to 22 inches, with 19 ready now and 23 debuting in Q3 2026.
Both ranges include a Road Hazard Warranty and 30-Day Guarantee. P-metric sizes carry a 55,000-mile treadwear warranty, while LT sizes have 50,000 miles. Shared technologies like the Circle of Tread Life indicator and reinforced sidewalls enhance durability and personalisation, underscoring Radar Tires’ commitment to innovation and partnership.
G S Sareen, President and CEO, Radar Tires, said, "We are very confident in our new flagship range of products. We've tested them rigorously against leading premium brands, and the results speak for themselves. The Renegade A/T and A/T Trail deliver top-tier performance and durability but come without the hefty price tag, reinforcing our mission of providing premium accessibility to drivers the world over."
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