Originally Posted by
Mr Proach
At the CAPA conference the BONZA spokesperson stated they will be generating a new leisure oriented market as opposed to taking share of the exisiting ones. Also at that conference there was a prediction that business travel will decline by about 30-40% and be slow to recover. Consequently, if the operators that focus on business travel lose 30-40% of their income what will be the strategy to make up for the shortfall?
I do tend to agree with that statement. The business environment has changed due to COVID. More people are using Skype, Zoom and Microsoft teams. There are real savings to companies by having people not travel. Flexible work arrangements also means less people are travelling for work and are instead working more from home. There will always be a business travel market, but it is unlikely to return to the good old days, not soon anyway. Some statistics are showing office high rise occupancy in some cities around the world at 40%. If you aren’t driving to an office, you are probably not flying between cities as much either. The two things to continue to watch over the next 6 months is rising inflation and oil costs. Brent crude is currently $88 per barrel. Let’s see how that goes if the warmongers choose to start another war in the Middle East. Wars are a distraction, plus the military industrial complex needs to be fed.