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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THE TIRE COLOGNE 2026 commences tomorrow, marking the premier gathering for the global tyre and wheel sector. The opening day promises a dense schedule of industry-shaping events, from political discussions to technical innovations, as the trade fair becomes the central hub for professionals seeking solutions to contemporary market challenges.

A total of 388 exhibitors representing 34 countries will showcase products and services across the entire value chain. The first day alone features three press conferences addressing current and future industry hurdles. Attendees can expect a mix of political impulses, international conferences, practical demonstrations and extensive networking opportunities designed to foster collaboration.

Key highlights begin with a morning session on North Rhine-Westphalia’s role as a leader in tyre circular economy, where Environment and Transport Minister Oliver Krischer will present the ‘Roadmap Tyre Circular Economy North Rhine-Westphalia 2030’ alongside real-world research examples. Later, the Global OTR Conference will focus on safety and efficiency for off-the-road tyres, while the ‘Runderneuert’ initiative at the AZuR Netzwerk pavilion demonstrates how modern retreading combines economic benefits with sustainable cycles.

Additional first-day attractions include the debut of Vipal V SUPER HYBRID remoulding technology on the SERVICE STAGE, engineered for varied usage conditions to improve mileage and reduce operating costs. Visitors can also participate in the WALK OF SERVICES, exploring workshop concepts throughout the fair area for chances to win daily prizes from sponsors including Bartec, Corghi, ALCAR and ALZURA based on station visits.

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World Environment Day should not only remind us about the environmental challenges we face today but also make us realise how urgently we need to change the way we produce, consume and manage waste across industries and communities. For decades, waste has continued to accumulate faster than our ability to process it responsibly, which has directly impacted our ecosystems, natural resources, public health and the future of coming generations. The reality is that environmental sustainability can no longer remain limited to discussions, annual reports or long-term commitments because the planet needs immediate and measurable action.

One of the biggest changes we need today is a shift in mindset where waste is no longer viewed as something to discard but as a resource that holds economic and environmental value when managed through the right systems and technologies. Countries across the world are moving towards circular economy models because they understand that sustainable growth will only be possible when industries reduce landfill dependency, recover value from waste and invest in cleaner processes that protect the environment while supporting economic progress.

India has made significant progress in building awareness around sustainability, recycling and environmental responsibility over the last decade, and government is leaving no stone unturned to formalise this sector in terms of infrastructure, technology adoption, policy implementation and collective participation.

To support the government’s initiative, we all must work together with greater accountability to strengthen recycling ecosystems, encourage responsible waste management practices and create long-term environmental impact through real execution rather than temporary solutions.

As someone who has spent years working closely with the recycling industry, I strongly believe that technology will play one of the most critical roles in solving future environmental challenges because efficient recycling systems can help recover valuable resources, reduce pollution, lower landfill burden and conserve energy for a more sustainable future. This belief is also deeply connected to our motto, ‘Committed to Create a Green Future’, which reflects the responsibility we all share towards protecting the environment through meaningful and long-term action. However, technology alone cannot create change unless it is supported by intent, awareness and collective responsibility.

On this World Environment Day, let us move beyond conversations and take meaningful steps towards building a cleaner, greener and more sustainable planet where environmental progress is driven by action, innovation and responsibility for future generations.

Jignesh Kundaria
Director and CEO, Fornnax

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TyreSafe has issued an urgent appeal for motorcyclists to prioritise tyre maintenance as new government data shows a worrying rise in rider deaths. The safety organisation is backing the National Police Chiefs’ Council’s Operation Apex, a road safety initiative running from 1 to 14 June.

According to provisional casualty figures from the Department for Transport, motorcycle users recorded the largest percentage increase in fatalities among all major road user groups across Great Britain. An estimated 384 riders lost their lives in 2025, representing a 13 percent rise compared to the previous year and marking the second consecutive annual increase.

Although motorcyclists make up a small fraction of overall traffic, they remain heavily overrepresented in serious and fatal collision statistics. In response, TyreSafe is using Operation Apex to promote a simple pre-ride tyre check known as ACT, which covers air pressure, condition and tread depth.

Riders are advised to check air pressure when tyres are cold using an accurate gauge and to follow manufacturer recommendations, adjusting for luggage or passengers. Visual inspections before every ride should look for cuts, bulges, embedded objects, uneven wear or signs of ageing. For tread depth, motorcycles over 50 cc require a minimum of one millimetre across the central three quarters of the tyre, while smaller mopeds need all original grooves clearly visible.

TyreSafe recommends performing these checks before each journey, especially after storage, bad weather or long trips. The organisation has released free resources including a guide, leaflet, poster, videos and social media assets to support Operation Apex and encourage safer riding habits.

These materials are available for riders, instructors and safety groups to download from the TyreSafe website throughout June. The initiative aims to reduce preventable incidents by helping motorcyclists recognise warning signs and maintain their tyres properly.

Stuart Lovatt, Chair of TyreSafe, said, “The latest casualty figures are a stark reminder that riders remain among the most vulnerable people on our roads. For many riders, motorcycles and scooters provide freedom, independence and essential transport – but that freedom depends on machines being safe, sustainable and roadworthy. Tyres are too often overlooked, yet they play a critical role in how a motorcycle brakes, corners and responds in an emergency.

“Our message during Operation Apex is simple: ACT before every ride by checking Air pressure, Condition and Tread. A few moments spent checking tyres can make a significant difference to safety. Tyre safety should become part of every rider’s routine, just like checking fuel or putting on protective equipment. ACT is easy to remember and empowers riders to take control of their own safety before setting off. Tyre safety is not about fear – it is about preparation. You cannot control every hazard on the road, but you can control whether your motorcycle is ready to respond safely when the unexpected happens.”

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The Goodyear Blimp has redefined its century-long legacy of hovering over major pop culture moments by hosting a first-of-its-kind music festival inside an airship hangar. Dubbed BANGR at the HANGR, the event marked the brand’s second annual birthday celebration, transforming the massive space into a high-energy bash.

Festivalgoers experienced a series of exclusive attractions, including a ride aboard the Wingfoot One blimp itself. A headlining DJ set from Noizu was delivered from a stage built with Goodyear tyres, while guests also browsed signature merchandise and attended an after-party in a uniquely blimp-worthy atmosphere.

The event featured an eclectic roster of attendees, from nostalgic mascots to local sports icons. Participants included the Care Bears, puppies from Kind Paw Rescue wearing Fi GPS wearables, the Oscar Mayer Wienermobile, an inflatable Flo from Progressive, Rainforest Cafe’s Cha! Cha! The Tree Frog, Geoffrey from Toys“R”Us and Vita Coco’s Coco Man.

Swensons Drive-In also made an appearance, alongside Ohio-based sports mascots such as Chomps from the Cleveland Browns, Flash from Kent State University and Zippy from the University of Akron. From chaotic dance floor moments to oversized photo opportunities, the birthday celebration was a blend of fun and charm as intended by the high-flying guest of honour.

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