The COVID-19 pandemic has altered the way businesses functions with newly introduced trends including work-from-home opportunity and hybrid working policies. Many of frequent business travelers have switched their habits from one-day business trips to longer stays, accelerated by increasing ticket prices, the growing popularity of video conferencing, and staff shortages resulting in flight cancellations among others. To accommodate the COVID-driven trends in business travel, airlines all over the world are rearranging schedules and adding new flights.
Global travel rates are declining because of covid-driven habits, and the new habits are predicted to stay for a long time. According to data from corporate travel company CTW, as online meetings become more popular, the percentage of domestic day trips has decreased by more than 25% from 2019 levels. In this scenario, restructuring is the best option for airlines with existing flaws in their operating models. if they want to create future value and maintain their revenues and profitability. For instance, U.S. airlines are adding more midweek flights as travelers combine business and leisure trips, with many taking advantage of greater flexibility to work remotely. In addition, other airlines around the world are also altering their flight schedules to meet the fluctuating demand from business travelers.
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