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)
TyreSafe Warns Drivers Against Ignoring Near-Miss Wake-Up Calls
- By TT News
- October 29, 2026
TyreSafe, UK’s leading tyre safety charity, has urged UK motorists to adopt preventative habits after research showed drivers react emotionally rather than practically following near-misses. The findings reveal that 23 percent of drivers shouted, gestured or sounded their horn after a frightening moment, while only 11 percent checked their tyres and 22 percent did nothing at all and kept driving. The pattern is consistent across the country, highlighting a widespread action gap in which drivers neglect simple steps that could improve safety.
The organisation wants near-miss experiences to serve as prompts for vehicle checks. It is promoting its ACT checks, which begin with air pressure: drivers should verify tyre pressures at least monthly and before long journeys using an accurate gauge, since correct pressures optimise braking, fuel efficiency and tyre life while lowering failure risk. Condition comes next, with tyres regularly inspected for cuts, cracks, bulges and embedded objects; any visible damage should be assessed immediately by a tyre professional as it may signal structural problems.
Finally, tread depth should be checked. For passenger cars, the UK legal minimum is 1.6 mm across the central three-quarters of the tyre around its entire circumference. Adequate tread is especially important on rural roads, where standing water and uneven surfaces can substantially raise the risk of aquaplaning and loss of control. TyreSafe's message encourages drivers to turn a scare into a safety check and act before reacting.
Stuart Lovatt, Chairman, TyreSafe, said, “A near-miss should be a warning sign – but too often it becomes a moment of frustration rather than reflection. Checking your tyres takes minutes, but it can make a critical difference in preventing the next incident. We need to move from reacting in the moment to acting in advance.”
Mitas To Showcase Agricultural Tyre Lineup At EIMA 2026
- By TT News
- October 29, 2026
Mitas has confirmed its participation in EIMA International 2026, a major agricultural machinery exhibition running from 10–14 November in Bologna, Italy. Visitors will find the company in Hall 14 at Booth B2, where it plans to display a range of tyre solutions tailored to contemporary farming needs and reflective of its know-how across machines, applications and operating environments.
The centrepiece of the exhibit is GRANTERRA, the newest member of the Mitas agricultural family. Engineered for high-horsepower tractors, the tyre merges a contemporary tread layout with VF PFO technology to achieve solid traction, stability and efficient field performance. Its broader footprint encourages even load distribution and curbs soil compaction, fitting the requirements of modern large-scale farming while embodying the brand's goal of merging power, reliability and effective field performance.
Alongside GRANTERRA, three other ranges will be on show. AGRITERRA ULTRA targets agricultural trailers, spreaders and slurry tankers, blending high load capacity with durability and stability for demanding transport work in fields and on roads, with a large footprint and rounded shoulders that help protect soil and grassland. HCM provides versatile year-round performance for municipal tractors, road maintenance equipment and telehandlers across varied surfaces. AC 85, built for modern row crop farming, supports spraying, fertilising and crop care while shielding plants and roots and will be displayed in a dual-mounting setup demonstrating a practical configuration for greater flotation and traction.
By taking part in EIMA International 2026, Mitas underscores its commitment to agricultural tyre expertise, product performance and the needs of professionals engaged in a broad array of farming applications.
Roberta D’Agnano, Global Marketing Director Mitas at Yokohama TWS, said, “EIMA is an important opportunity to meet customers and partners from across the agricultural sector and showcase solutions developed around their everyday needs. With GRANTERRA, we expanded our portfolio for high-horsepower tractors with a solution that brings together traction, reliability and VF PFO technology. Alongside AGRITERRA ULTRA, HCM and AC85, it reflects the breadth of our expertise and our commitment to supporting agricultural professionals with tyre solutions suited to their everyday challenges.”
Tegeta Green Planet And Shine Energy Bring Environmental Education To Tbilisi School
- By TT News
- October 29, 2026
Tegeta Green Planet and Shine Energy brought an environmental education session to seventh-graders at Tbilisi Public School No. 142, aiming to deepen young people's understanding of sustainable development and environmental protection. The meeting was designed to make abstract ecological concepts tangible for early adolescents.
Led by representatives of the two organisations, the session unfolded under the theme ‘A Sustainable Future: Environment, Transport and Energy’. Presentations and discussions covered waste management, responsible resource use, environmental protection and the value of renewable energy, giving students a broad picture of how these issues interconnect.
The interactive format included team activities through which students explored the Extended Producer Responsibility (EPR) system, learning what it is for and how it contributes to environmental protection. Participants also considered how ordinary daily choices can curb pollution and conserve resources. An environmental game and a hands-on activity reinforced the lessons, helping students link environmental concerns to their own lives, and each participant received a certificate and a small gift at the close.
Operating since 2022, Tegeta Green Planet ranks among Georgia's first authorised EPR organisations, advancing a circular economy by collecting and recycling waste tyres, waste oils and used batteries while helping reduce environmental harm and meet legal obligations. Environmental education for young people remains a priority for both organisations, which run school sessions on environmental protection, resource conservation and sustainable development.
Dunlop Tyre Europe Takes Premium Partner Role At Erste Bank Open
- By TT News
- October 28, 2026
Dunlop Tyre Europe GmbH will hold Premium Partner status at the Erste Bank Open in Vienna, running 24 October to 1 November at the Wiener Stadthalle, under a three-year term from 2026 to 2028 with an extension option, and holds exclusive tyre-category rights. DUNLOP Sports separately serves as Official Ball Partner. The event lets Dunlop Tyre Europe spread the ONE DUNLOP message, as trademark rights for DUNLOP tyres across Europe, North America and Oceania now sit once more under Sumitomo Rubber Industries (SRI). A 25-square-metre stand will occupy the fan zone in the Wiener Stadthalle foyer.
The divisions have already collaborated at B2B events this year, including THE TIRE COLOGNE. At the Mondial de l'Auto in Paris, held 12 to 18 October, the DUNLOP brand joined DUNLOP Sports colleagues to display tyres, motorsport heritage and tennis, padel and squash racquets across 105 square metres. Vienna marks the first time both appear together at a sporting tournament.
Premium Partner status brings strong visibility. Television coverage includes Micro Wings, LED side banners, Close Calls and the ‘New Balls Please’ activation. Dunlop Tyre Europe also features at the ceremonial coin toss, in the tournament magazine, in the fan zone and via ‘Daily Highlights presented by Dunlop’. Hospitality packages at the Wiener Stadthalle and Marx Halle await customers and partners, with invitations to the Pro-Am tournament and official press conference.
At the DUNLOP stand, visitors can guess how many tennis balls sit inside a racing tyre, entering via iPad and a digital landing page, with newsletter sign-up optional. A set of tyres is the prize, and souvenir photos in a DUNLOP-branded frame can be downloaded via QR code. The brand and SRI trace their heritage to 1909, when Dunlop Far East was founded in Kobe. After a partner organisation held passenger car tyre rights in several markets, those rights were reacquired in 2025 and Dunlop Tyre Europe GmbH launched in early 2026, reuniting the brand under SRI. The goal is restoring DUNLOP among the world's leading, most innovative tyre makers.
Dennis Wilstermann, Marketing Manager, Dunlop Tyre Europe, said, “Through our Premium Partnership with the Erste Bank Open and with our colleagues from DUNLOP Sports serving as the tournament’s Official Ball Partner, we are appearing together at a sporting event for the first time, following successful collaborations in the B2B sector and at the Paris motor show. The dynamic environment of professional tennis and the world-class performances regularly seen on court provide the ideal stage for combining activation activities for DUNLOP Tyres and DUNLOP Sports. We work closely with DUNLOP Sports and our parent company, Sumitomo Rubber Industries in Japan, to unlock the full potential of the global ONE DUNLOP strategy.”
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