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Business travel may revive in 6 months, but budget to decline: Survey

Business travel may revive in 6 months, but budget to decline: Survey

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  2 May 2020 12:03 PM GMT

NEW DELHI: Around 80 per cent of corporate industry leaders expect business travel to get back to pre-COVID levels in their organisation within 6 months, according to a survey by FabHotels.

A statement by FabHotels said that 58 per cent of the corporate chiefs expect budget per trip to reduce by 15 per cent or more.

"The survey found that 58 per cent of corporates expect reduction of 15 per cent or more in travel budget, 19 per cent expect a reduction of less than 15 per cent, while 24 per cent corporates expect travel budgets to remain same post the lockdown is lifted," it said.

While one-third of respondents said they would not move employees to lower-tier hotels to save expenses, other two-thirds said they are expected to make this transition to reduce their travel budgets.

This survey covered companies across sectors ranging from IT, pharmaceuticals to FMCG and involved around 500 corporate leaders.

It showed that as expected, hygiene and sanitisation at the hotels is going to become extremely critical in the decision-making process of corporates. Around 93 per cent of respondents said they are likely to switch from unbranded to branded hotels post lockdown for better hygiene and sanitization requirements for their employees. (IANS)

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