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)
Liberty Tire Recycling Helps Divert 3,000-Plus Tyres In British Columbia Community Events
- By TT News
- October 05, 2026
Liberty Tire Recycling has continued its push to keep scrap tyres out of British Columbia landfills and illegal dump sites through a series of community collection events held in September. Working alongside Tire Stewardship BC and Duka Environmental Services Ltd., the company supported roundups in both Kelowna and Prince George that together diverted more than 3,000 unwanted tyres from the waste stream.
The Kelowna event, part of a wider provincial effort to expand recycling access, saw 939 tyres gathered in just four hours. In Prince George, a major transportation and trucking hub in central British Columbia, crews collected over 2,100 tyres during a similar four-hour window while speaking with residents about recycling and sustainability.
Beyond simply accepting tyres, Liberty Tire Recycling uses these events to engage directly with community members. Team members in Prince George spent the day answering questions about how scrap tyres are processed and how recycled rubber feeds into a circular economy, helping raise awareness of responsible tyre management across the province.
Improperly discarded tyres remain a common problem in rural areas, where they create visual blight and public health risks. Old tyres collect rainwater that can serve as breeding grounds for mosquitoes, and abandoned piles threaten farms, acreages and natural spaces. Recycling addresses these issues while supporting resource recovery.
Under Tire Stewardship BC's province-wide programme, collected tyres are transformed into playground surfacing, running tracks, livestock mats, safety flooring and other rubber products. The Regional District of Central Okanagan's annual tyre recycling event has removed more than 15,000 unwanted tyres from local properties over the past decade.
Liberty Tire Recycling entered Canada in 2010, though its British Columbia facility has operated since 1989, reflecting more than 37 years of combined tyre recycling experience. The company processes tyres in Alberta, British Columbia, Saskatchewan and Ontario, and through the Return to Retailer programme, hundreds of locations across British Columbia accept up to four clean, off-rim tyres per resident, with officials recommending a call ahead to confirm capacity.
Hankook Winter i*cept evo 4 Claims Top Spot In Auto Bild Winter Tyre Test
- By TT News
- October 05, 2026
Hankook Tire has announced that its Winter i*cept evo 4 tyre secured first place in the latest Auto Bild winter tyre test. Competing in the 225/55 R18 size for SUVs and crossovers, it achieved an overall rating of 1.3, described as very good, beating nine rival models. The evaluation was carried out using a BMW X1.
The tyre stood out in wet conditions, earning a 1.2 rating after leading the field in both straight-line and cornering aquaplaning. It also recorded the highest average speed in dry handling while maintaining strong safety margins. Auto Bild further commended its dependable snow performance. Three tyres in total received very good ratings.
The Winter i*cept evo 4 is a studless tyre designed for passenger cars and SUVs, offering enhanced winter safety and fuel efficiency. It replaces the previous generation with a 5 percent improvement in snow grip, achieved through wider lateral grooves and semi-sipe technology.
TBC Corporation Backs National, Regional Nonprofits In Annual Week Of Action
- By TT News
- October 05, 2026
TBC Corporation, one of North America’s largest marketers of automotive replacement tyres through wholesale and franchise operations, joined forces with United Way Worldwide and the American Cancer Society's Road To Recovery for its yearly Week of Action.
Running from 21–25 September, the initiative mobilised staff at the company's Palm Beach Gardens, Fla. headquarters along with workers at about 100 distribution centres nationwide. The annual event, first introduced in 2024, invites TBC's roughly 3,000 employees to give back through volunteer work in their own communities. More than 2,000 volunteer hours have been logged since the programme began.
Across US sites, workers put together hygiene kits stocked with toothpaste, tissues, shampoo, conditioner, combs and deodorant, which were given to local United Way branches assisting people and families facing hardship. Additionally, employees wrote personalised messages for those served by the American Cancer Society's Road to Recovery programme, which supplies free transportation to cancer-related medical visits. Thanks to TBC's involvement, 500 free rides became available for patients in that programme.
Looking ahead to October, the company's San Luis Potosi location in México will team up with Fondo Potosino and Colonia Juvenil, two organisations that deliver resources and create opportunities through programming, civic engagement and social support. TBC staff will take part in mentorship and team-building exercises alongside programme participants, aiming to build confidence and pave the way for future achievement.
Ron Harper, Chief Supply Chain Officer, TBC Corporation, said, “Giving back to the planet and making an impact in the communities in which we live and work is a core part of our vision. Our Week of Action reflects our commitment to doing right by our communities in meaningful and tangible ways.”
Dunlop Riders Dominate As Belgium Wins Motocross Of Nations
- By TT News
- October 05, 2026
Dunlop-equipped riders filled the rosters of the two strongest teams at this season's Motocross of Nations (MXoN), where Liam Everts, riding for Nestaan Husqvarna, played a pivotal role in ending Belgium's lengthy wait for the Chamberlain Trophy. Jorge Prado and Guillem Farres likewise turned in impressive rides on Dunlop rubber, propelling Spain to a narrow runner-up result at the prestigious gathering.
Only three points separated the leading teams when racing concluded, and Everts proved instrumental in Belgium's triumph. Having placed second in Saturday's Open-class qualifying, the Belgian followed up with a pair of fourth-place moto finishes on Sunday. Spain mounted a determined challenge across the weekend, briefly holding the top spot after the first moto before finishing three points adrift of Belgium.
Prado, a two-time MXGP champion, claimed second in both of his outings, enough to head the MXGP standings, while Farres contributed a fourth and a fifth to Spain's total. France also delivered Dunlop success, with Kawasaki's full-time pairing of Romain Febvre and Mathis Valin racing before a home crowd. While his teammates struggled, Febvre produced one of the day's standout individual displays, winning the opening moto and then taking third in the finale, where he also grabbed the Holeshot.
Those results placed Febvre second in the MXGP class behind Prado, while Farres and Camden McLellan of South Africa topped the MX2 standings. Everts ended second in the Open category, with fellow Dunlop rider Pauls Jonass of Latvia third. Dunlop riders claimed three of six race wins across qualifying and the main motos, and five of the nine Sunday podium finishers used the brand.
In total, 32 competitors from 16 nations depended on Dunlop's Geomax MX34 front and Geomax MX14 rear tyres, engineered respectively for soft-to-mid terrain and loose-surface traction. The weekend rounds off another standout season for Dunlop. Farres captured the MX2 world title and led Triumph Racing to a one-two with McLellan, while Febvre was MXGP runner-up after winning the crown on Dunlop the previous year. In America, Ken Roczen rode Dunlop to a first 450cc AMA Supercross championship, continuing Dunlop's unbroken run of AMA Supercross and Pro Motocross titles since 2010.
Wim Van Achter, Motorcycle Motorsport Manager EMEA, Dunlop Motorcycle Europe, said, “It has been a fantastic weekend of racing at the Motocross of Nations, and we congratulate Dunlop rider Liam Everts on the victory with Team Belgium. Team Spain fought hard all weekend, with Jorge and Guillem helping the team fight right to the end for the victory. We’re pleased that so many top riders continue to choose Dunlop Geomax tyres, and the results across the field weekend underline the performance of our Geomax MX34 and MX14 products.”
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