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)
Wallace Instruments Sets Up West African Base To Back TSR Supply Chain
- By TT News
- October 05, 2026
Wallace Instruments has launched Wallace Instruments West Africa, a new Abidjan-based entity extending the UK materials testing equipment maker’s support for natural rubber producers across the region. The operation places servicing, calibration, spare parts and technical expertise closer to an established West African customer base that depends on Wallace instruments for plasticity, PRI and viscosity testing. The move is intended to shorten turnaround times and foster lasting local relationships.
Côte d’Ivoire, West Africa’s foremost natural rubber producer, ranks among the world’s leading exporters of technically specified rubber (TSR), supplying tyre and rubber product manufacturers globally, including the Americas. Properly maintained and calibrated instruments generate consistent, traceable results at source, strengthening confidence in shipment quality throughout the supply chain.
The Abidjan facility will feature a laboratory and training centre where customers can observe Wallace equipment in action and receive hands-on testing and technical guidance. Technicians trained by Wallace will use OEM calibration kits for fully compliant work, while customs-cleared spare parts stocks will cut lead times. An exclusive local partner will also provide servicing and calibration for other plantation and processing equipment across West Africa.
Chris Norval, Managing Director, Wallace Instruments, said, "Our aim is to bring trusted, traceable quality measurement closer to natural rubber production. Establishing Wallace Instruments West Africa helps our customers maintain reliable testing and strengthen quality control while giving the wider supply chain greater assurance in the test data. We're excited to be building our team locally and look forward to growing with the region."
Bridgestone Sounds Tyre Safety Warning As Tyre Safety Month Kicks Off
- By TT News
- October 05, 2026
A new Bridgestone report released ahead of Tyre Safety Month 2026 reveals a troubling gap between UK motorists’ stated safety priorities and their actual tyre maintenance habits. While two-thirds of drivers rate safety as extremely important when replacing tyres, nearly half only think about their tyres once a year, and almost a third continue driving on them until an MOT failure forces action.
The manufacturer’s survey of 2,000 motorists found that 47 percent check their tyres only when an MOT is due, while 31 percent wait until being told their car will fail. One in five drivers admits to buying potentially deadly part-worn products despite being warned of the risks. Three in five motorists never check their tyres at all, even though 87 percent claim to know how to do so.
These findings arrive alongside TyreSafe estimates that 6.1 million tyres on UK roads are illegal or dangerously worn at any given time, typically because tread depth falls below the 1.6 mm legal limit. Department for Transport figures show that people killed or seriously injured in collisions involving illegal, defective or underinflated tyres rose from 169 in 2024 to 201 in 2025.
Bridgestone has conducted thousands of complimentary tyre checks across the UK over the past year and runs its Be a Bridgestone Road Safety Hero campaign, which offers drivers practical guidance on tread depth, pressure and tyre condition. The company also advocates mandatory tyre replacement as a penalty for driving on illegal tyres, a stance supported by 30 percent of survey respondents.
Helen Roe, Senior Manager for Brand, Events, Product and Digital Marketing, described the research as a timely reminder of the need to educate motorists. She noted that while drivers recognise tyre safety as the most important purchase factor, life-saving checks still are not happening, possibly because tyres remain an afterthought or because drivers lack confidence in performing them. She emphasised that tyres are the only contact points with the road and that part-worn products carry unknown histories and potential damage.
Bridgestone urges drivers to check pressures monthly when tyres are cold, inspect surfaces for lumps, bulges, cuts and cracks and verify tread depth exceeds 1.6 mm using a gauge or the 20p test. Motorists uncertain about their tyres should seek a qualified professional, with many garages offering free checks. The company says its community campaigns, educational resources and retailer partnerships aim to make correct safety decisions easier and to highlight how essential well-maintained tyres are to preventing accidents and saving lives.
DUNLOP Launches Autumn Cashback Promotion For Motorists
- By TT News
- October 05, 2026
DUNLOP has unveiled a cashback promotion timed to coincide with the autumn motoring season, offering drivers a financial incentive of as much as EUR 80 on qualifying tyre purchases. The campaign runs from 1 October through 30 November 2026 and covers car, SUV and light commercial vehicle tyres. The exact rebate a customer receives is determined by how many tyres are bought and the diameter of those tyres in inches.
The initiative launches simultaneously across Germany, Austria and Poland, with France, Italy and Spain set to join in stages thereafter. Beyond the immediate price advantage, the company intends the promotion to showcase the breadth of its tyre portfolio. All DUNLOP tyres measuring 16 inches or larger bought within the promotional window qualify, while French customers can also claim on 15-inch tyres. In total, 891 products spanning 15 to 22 inches fall within the eligible range, 804 of them from 16 inches upward.
The eligible line-up spans winter, summer and all-season options suited to varied driving needs. Winter offerings include the DUNLOP WINTER, WINTER SPORT 5, SP WINTER SPORT 4D and SP WINTER SPORT 3D, alongside the year-round ALL SEASON 2 and summer tyres such as the SPORT MAXX RT2 and the BLUE RESPONSE TG launched in March. These cover small cars, compacts, estates, SUVs, motorhomes and light commercial vehicles, as well as horse boxes, boat trailers and caravans.
Summer tyres extend the range further, serving everything from daily commuting and long-distance travel to holiday journeys on country roads and motorways. Claiming the cashback is designed to be simple: purchasers register online at cashback.dunloptyres.com, submit their proof of purchase, and receive the corresponding amount once verification is complete.
Markus Bögner, President and Managing Director, Dunlop Tyre Europe GmbH, explains, “A price advantage alone does not sell a tyre – it is ultimately its quality, safety and performance that are decisive. With the cashback promotion, we are creating an additional purchase incentive and giving potential customers the opportunity to experience the strengths of our tyres for themselves. If this leads to long-term customer relationships, we will have achieved our goal. At the same time, we are supporting our retail partners with their sales and strengthening the profile of the DUNLOP brand in the market together.”
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.
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