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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TyreSafe, UK’s leading tyre safety charity, has entered a new partnership with West Yorkshire Police, reinforcing a joint commitment to road safety and reducing fatalities and serious injuries across the county. The collaboration arrives amid concerning road safety figures, with 51 deaths and 1,210 serious injuries recorded on West Yorkshire’s roads in 2025.

The two organisations will work together to highlight the essential role tyres play in road user safety. Drivers will be encouraged to perform routine checks on tyre pressure, tread depth and overall condition. The initiative also supports West Yorkshire Vision Zero, which aims to eliminate deaths and serious injuries from the county’s roads.

West Yorkshire Police becomes part of a growing network of over 260 organisations partnering with TyreSafe to promote safer motoring and enhance public understanding of tyre safety. A rising number of police forces now recognise tyre safety as a vital component of their broader road safety efforts.

As the sole point of contact between a vehicle and the road, properly maintained tyres are critical for braking, steering and grip, especially in difficult conditions. TyreSafe advises road users to check their tyres monthly and before long journeys, helping identify pressure, tread and condition issues before they become safety risks. This partnership marks another significant step in TyreSafe’s mission to reduce tyre-related incidents and improve road safety across Britain.

Stuart Lovatt, Chairman, TyreSafe, said, “We are delighted to welcome West Yorkshire Police as a TyreSafe partner. The fact that 51 people lost their lives and more than 1,200 suffered serious injuries on West Yorkshire’s roads in 2025 is a stark reminder that there is still so much work to do. Road safety requires a collective effort, and partnerships such as this are incredibly important. By combining the reach and expertise of West Yorkshire Police with TyreSafe’s specialist knowledge and campaigns, we can help ensure more road users understand the simple but crucial role their tyres play in keeping themselves and others safe.”

Inspector Claire Gray, Roads Policing Support and Proactive Intercept Team Inspector for West Yorkshire Police, said, “Every death and serious injury on our roads has a devastating impact on families, friends and communities. We are committed to working with partners to make West Yorkshire’s roads safer and to support the Vision Zero ambition. Vehicle safety is an important part of that work, and tyres are fundamental to a vehicle’s ability to stop, steer and maintain grip. We are pleased to be working with TyreSafe to help raise awareness and encourage road users to take responsibility for checking and maintaining their tyres.”

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Hankook Tire has completed a significant expansion of its European manufacturing facility in Rácalmás, Hungary, marking the company's first production of truck and bus tyres on the continent. The new line, representing an investment of EUR 540 million, is scheduled to commence operations in October and has been configured to deliver more than 800,000 units annually. The first pre-production tyre from these facilities was officially unveiled at the ongoing IAA Transportation exhibition.

Previously, Hankook supplied European commercial vehicle customers exclusively from plants in Korea and China. The Hungarian line substantially reduces delivery distances, strengthening supply reliability and cutting lead times. Logistics-related carbon dioxide emissions also decline as lengthy transport routes from Asia are partially eliminated. Europe represents roughly 45 percent of Hankook's worldwide sales, making it a critical market for the tyre maker.

The Rácalmás site has received approximately EUR 856 million across three earlier expansion phases since 2007, with the third stage finishing in spring 2015. It now produces as many as 17 million tyres yearly for passenger cars, SUVs and light commercial vehicles. The fourth phase added the truck and bus tyre line and has seen around 66,000 square metres of production and support buildings constructed since 2024. More than 450 local jobs are being created. Globally, Hankook operates eight plants with capacity for up to 100 million tyres annually and employs about 20,000 people.

Designed as a highly automated facility, the new line relies on automated logistics systems, autonomous guided vehicles and real-time tracking to manage material flow and warehousing, while automated testing ensures consistent quality. Sustainability guided planning and operation through energy-efficient systems, optimised supply infrastructure and modern process controls that lower energy and water use. The plant earned ISCC PLUS certification in 2023. Production will initially centre on 22.5-inch truck and bus tyres, gradually broadening as capacity and approvals allow.

Jongho Park, President and COO, Hankook Tire Europe, said, “The expansion of our European production plant with a new line for truck and bus tyres is yet another key milestone for Hankook in Europe. The central location of the facilities in Hungary and their proximity to the core European markets is a key locational advantage. It will enable us to supply our European customers with premium commercial vehicle tyres even more reliably and quickly, and to respond to their needs with the greatest possible flexibility.”

Ho Taek Lim, Vice President and Managing Director of the plant in Rácalmás, said, “This expansion project was one of the largest industrial development projects ever undertaken at the site in Hungary. The new truck and bus tyre production facilities will transform the plant into a comprehensive production site of significantly greater complexity and with a higher level of automation.”

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Continental has expanded its global ultra-high-performance tyre portfolio, covering sizes 18 inches and above, over five years and plans further growth. By late 2027, it will add over 650 new sizes across all lines for original equipment and replacement markets. This responds to demand for tyres suited to larger, heavier, more powerful and electrified vehicles, supporting profitable growth.

UHP tyres for passenger cars and light commercial vehicles now matter more to Continental and its customers. From 2020 to 2025, their share of global passenger-car tyre sales across all brands rose from 41 to 55 percent. Asia-Pacific leads at 70 percent, the Americas at 66 percent and EMEA at 43 percent. For the Continental brand, the share grew from about 49 to 62 percent.

The trend towards larger tyres links to vehicle market shifts. Cars are becoming bigger, heavier and more powerful, with SUVs increasingly common. Electric mobility is another weight driver, since batteries add considerable mass. Modern drivetrains also produce torque once associated only with high-performance sports cars. These changes demand more from tyres, which must support heavier loads while ensuring safety, efficiency and comfort.

UHP tyres combine high grip, short braking distances and precise handling with low rolling resistance and high mileage. Continental develops them mainly for wheel-and-tyre combinations of 18 inches and above, performance SUVs, premium sedans, sports cars and high-performance electric vehicles. It is expanding this range across major markets, adding over 650 sizes by the end of 2027, including secondary brands such as Semperit and Uniroyal.

This reflects growing vehicle market diversification, as manufacturers offer more variants and need tyres tailored to differing performance, efficiency and comfort requirements. UHP tyres must meet conflicting demands, balancing grip, braking, handling, rolling resistance, comfort and mileage, with rubber compounds playing a central role. Continental relies on simulations, laboratory analyses, bench tests and driving tests across varied conditions, with the High Performance Technology Center in Korbach driving manufacturing advances applied globally, where UHP tyres up to 24 inches are made.

Testing occurs at the Contidrom near Hannover, Arvidsjaur in Sweden and Uvalde in Texas, focusing on braking, handling, high-speed capability, comfort and durability. Collaboration with tuners ABT Sportsline and BRABUS, plus motorsport input through Hoosier, further advances development. The SportContact 7 exemplifies the segment, available from 18 to 24 inches and approved by Audi, BMW, BYD, Maserati, Mercedes-Benz, Polestar, Porsche, Volkswagen and Zeekr, ranking top three in 27 of 29 international tests.

Edwin Goudswaard, head of Research and Development for Continental’s Tires group sector, said, “With our expanded UHP portfolio, we are responding directly to the increasing demands of modern vehicles. This enables us to offer our customers around the world even more tailored solutions for safety, efficiency and driving dynamics. As modern tyres become larger, heavier and more powerful, tyres are becoming even more critical. They are no longer simply the vehicle’s connection to the road, but a key prerequisite for safety, efficiency and driving dynamics. The UHP segment clearly demonstrates how capable modern tyres need to be. The art lies in combining conflicting requirements at the highest level, and that is precisely what sets our tyres apart.”

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The Yokohama Rubber Co., Ltd. has announced that a car equipped with its ADVAN flagship tyres claimed overall victory at the 2026 Nürburgring Langstrecken-Serie (NLS) Round 8 in Germany on 12 September. The ADVAN racing tyres delivered the grip and durability required to succeed in the demanding endurance event.

The winning entry was the No. 77 BMW M Motorsport car, fielded by Schubert Motorsport. It started from the front row, took the lead early and stayed with the front-runners throughout. After moving back ahead on lap 24, it resisted heavy pressure from closely pursuing rivals and crossed the line just 0.308 seconds clear of the second-place finisher.

This season marks the first collaboration between Yokohama Rubber and BMW M Motorsport in almost 40 years. The No. 77 BMW M4 GT3 EVO, featuring ADVAN’s ‘Red in Black’ livery, has been consistently competitive, winning Rounds 3 and 8 while finishing second in Rounds 6 and 7.

Following Round 9 on 13 September, the car leads the NLS Speed Trophy standings, awarded for the most points across all classes. The ‘Red in Black’ entry will seek to secure the trophy and the series title in October’s final round.

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