Funviralpark A Graph Shows Why Managed Travel Is Permanently Impaired
It was a one-time expense to move to online work, but it worked out better than many expected. There has been a return to the office, but not completely. Also, some meetings can actually take place on Zoom, although not in person.
People are no longer afraid of Covid-19. The whole trip is booming. Full of restaurants. But the office tower was not.
Here’s one chart that shows that working from home has become permanent. In other words, managed travel is permanently compromised.
another indicator #WFH Permanent: Public transport usage remains stable at 35% below 2019 levels.
This raises concerns about the viability of public transport. The cost is pretty fixed (think train or subway networks). However, earnings have declined significantly, he declined by 35%. pic.twitter.com/JnJtuPYCg5
— Nick Bloom (@I_Am_NickBloom) December 29, 2022
Some companies wanted their employees back at work, but usually not every day. We have fewer office meetings because the people we’re supposed to meet aren’t always there. And when they’re in the office, they often have meetings with other people in the office. over zoom (Or, heaven forbid, team).
A balance is emerging with significantly more work being done from home than before the pandemic. We are not going back to the office permanently. That means there are a lot of business trips that no longer make sense.
- Visiting customers in the office is less frequent when the customer is not in the office.
- Consultants don’t have to spend a week in a client’s office. ‘Monday-Thursday Consultant Travel Week’ is no longer the same.
- More people working from home means that former employees have invested in being optimized for Zoom, so they can conduct more meetings that way. There will be fewer in-person meetings as Zoom meetings are now much easier to do than before.
Some companies are pushing for a return to the office. They look at metrics like the number of meetings held on Fridays rather than employee productivity. A recession may give companies more bargaining power. That said, being back in the office doesn’t necessarily mean going back every day, and as long as we’re doing less work in the office than we used to, certain types of business travel will continue to be discouraged.
Those who work from home travel to a large corporate retreat once a year. They may attend meetings or go on business trips, but many are not out the door like they used to.
There is a new kind of business trip, where remote workers commute to the office from time to time instead of taking trains and highways. But it takes a long time to fill the office tower. This is because there is a new equilibrium where less office space is required per employee than before.
Ultimately, as a result of compounded growth, total business travel will be higher than it once appeared due to the pandemic, but without this exogenous shock, total business travel would not be as high. is not.
