New report measures value of business travel
VistaJet, in association with WSJ Intelligence, has surveyed over 200 high-level company executives in the U.S., EMEA and APAC assessing the essential value of travel in their professional lives.
The results during the Covid period were to be as expected, with travel limited for 90% of companies surveyed, and almost all (97%) said their businesses experienced negative impact directly related to those restrictions.
Nearly one-quarter (24%) indicated massive or substantial disruptions across all eight areas measured, and 87% cited massive or substantial disruption in at least one area.
More than a third (37%) said international business development and product launches took a hit due to a lack of in-person presence.
With restrictions easing, 81% are saying business travel will be more important than ever to driving success.