OUR RESEARCH
After studying the importance of human connection, and researching Government job statistics, we wanted to validate the data to confirm its accuracy in the current climate, and to then tie it to the future of the corporate travel industry.
Below you can find our key findings.
OUR RESEARCH IN 5 POINTS
We validated that people are working longer hours and weeks and that employees are more likely to seek new jobs now than pre-covid
Nearly two thirds of employees will leave if travel is limited in the future.
Employees struggle to do their jobs when virtual rather than in-person
Travel is seen positively by employees, virtual meetings are not
The majority of employees feel a reduction on ROI will negatively impact a companies ROI
37%
of respondents are more likely to seek a new job than pre-Covid. Typical annual job turnover is 11%.
63%
of corporate travelers surveyed say they will look to leave their job if business travel is limited in the future, with 30% around the same, and 7% less likely
99%
of people surveyed believe they have been less successful in at least one facet of their job when being virtual over traveling
(Facets are: Sales, Innovation, Team Spirit, Networking, Productivity)
64%
believe being virtual as opposed to be traveling in person has a negative impact on sales
62%
believe being virtual as opposed to be traveling in person has a negative impact on innovation
82%
believe being virtual as opposed to be traveling in person has a negative impact on team spirit
80%
believe being virtual as opposed to be traveling in person has a negative impact on networking
44%
believe being virtual as opposed to be traveling in person has a negative impact on productivity
49% NEGATIVE
49% of words associated with video conferencing are negative, with just 32% positive
63% POSITIVE
63% of words associated with travel are positive, with just 20% negative,
63%
of respondents are attending more meetings
37%
of respondents are attending 20% or more meetings than they were pre-Covid
54%
are experiencing longer work days
29%
have seen their days grow by more than 20%
54%
feel a reduction in travel will ultimately reduce the company ROI (20% significant, 33% slight), with 23% believing no impact or unknown, and 24% a positive impact.
58%
of employees with tenure of more than 10 years would be more likely to seek alternative work if travel was reduced (35% around the same, while 8% would be less likely to leave).