Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • Debbie Young
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool

Is COVID-19 the End of Business Travel?

July 30, 2020 By The Editors

By Peshkova @ Shutterstock.com

Scott McCartney examines the effects COVID-19 will have on the travel industry in The Wall Street Journal, writing:

Most foresee a lasting decline in business travel, but think leisure travel will bounce back robustly. That means airlines and hotels will have to change their business plans, being unable to rely as much on rich revenue from corporate travelers. Expect higher ticket prices and room rates for vacationers to cover the costs with fewer high-dollar customers to subsidize bargain-seekers.

“The airline industry is going to have to examine its business plan,” says Robert Crandall, former chief executive of American Airlines. “You are never going to see the volume of business travel that you’ve seen in the past.”

He estimates one-third to one-half of business travel will go away. More meetings will take place electronically. Trips once thought necessary will be seen as superfluous. “Everybody who depends on business travel is going to have to rethink their game plan,” Mr. Crandall says.

The pandemic has forced widespread, rapid adoption of videoconferencing technology. The technology is mature, easy to use and available on any device.

“Will it be as necessary to send road warriors out? I have serious doubts about that,” says David Tait, a founding architect of Richard Branson’s Virgin Atlantic Airways. “The business market is seriously endangered.”

Jeff Potter, a former CEO of Frontier Airlines who also ran a private-aviation subscription service shuttling people in markets such as Los Angeles-San Francisco, says those frequently traveled hops will probably take the hardest hits.

“We’re all dealing with a case of the unknown,” he says.

Related Posts

  • COVID-19 Ravages Iran
  • Brand New Young Research COVID-19 Daily Display
  • England’s PM Boris Johnson Showing COVID-19 Leadership
  • COVID-19 Isolation in Vermont
  • Author
  • Recent Posts
The Editors
Latest posts by The Editors (see all)
  • Florida Seeks to Expand the Protection of Children - March 23, 2023
  • Bolton Says U.S. Should Have Attacked Iran as well as Iraq - March 23, 2023
  • Carlson: The Media Are Part of the Control Apparatus - March 22, 2023

Dick Young’s Must Reads

  • When the Black Swan Swoops In for You
  • TROJAN HORSE: “Diversity, Equity, and Inclusion” is Critical Race Theory in Disguise
  • Florida: Enjoy Certain Freedoms and Individual Liberties
  • Hungarian Hardliner Viktor Orban Shows European Globalists the Way
  • DONBAS: Russian Tanks Face Gauntlet of Death from Javelin Wielding Ukrainians
  • Government Should Be Small, Laws Unobtrusive, and Men Left Alone
  • Tucker Carlson Interviews My Favorite Florida Farmer
  • Progressive Liberalism Has Dragged America near Ruination
  • Key West’s Best Burger
  • “The Goal”: Strong Families, Resilient Faith, Thriving Middle Class.

Our Most Popular Posts

  • Pushing Back at ESG
  • Your Survival Guy’s BEST Insider’s Guide to Key West
  • Are You Fairly Wealthy? I’m Listening
  • Who'd be Nuts Enough to Have Put Money into SVB?
  • Cheap Reliable Heating – a Life Saver
  • Get Well Soon Taki
  • Biden Has Lost Control of the Northern Border Too
  • For Whom Is Your Portfolio Serving?
  • Border Patrol Chief Admits U.S. Border Is Out of Control
  • Freefalling at Stanford

Disclosure

RSS Youngresearch.com

  • “You Just Have to Be Willing to Move Defensively”
  • Americans Are Fleeing Bank Deposits
  • If You’re a Highly Effective Person, We Should Talk
  • Trouble Now Brewing at Deutsche Bank
  • Is Vanguard Voting Against Your Political Beliefs?
  • Are 0DTE Options a Threat to Markets?
  • “I Need Preservation of Principal and Growth”
  • Are You Fairly Wealthy? I’m Listening
  • Treasury Studying How to Increase Deposit Insurance
  • Your Survival Guy’s BEST Insider’s Guide to Key West

RSS Yoursurvivalguy.com

  • “You Just Have to Be Willing to Move Defensively”
  • Did SVB Fail Because of Climate Change?
  • If You’re a Highly Effective Person, We Should Talk
  • What’s Happening to Charles Schwab?
  • Prepare for the Predictable
  • Is Vanguard Voting Against Your Political Beliefs?
  • Call It the Difference between Normal and Crazy
  • “I Need Preservation of Principal and Growth”
  • DEMOCRATIC SENATOR: Biden’s ESG Veto “Absolutely Infuriating”
  • Are You Fairly Wealthy? I’m Listening

The PRC Aims to Make Taiwan a Pariah Nation

“You Just Have to Be Willing to Move Defensively”

Donna: The Queen of Louie’s Backyard, Key West

Biden’s Fake Democracy Summit: Hungary and Turkey Snubbed

Freefalling at Stanford

If You’re a Highly Effective Person, We Should Talk

Copyright © 2023 | Terms & Conditions | About Us | Dick Young | Archives