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Business travel may never fully recover, as companies like McKinsey make permanent cuts to trips.

March 29, 2022

New York Times

Climate pledges are another factor that could permanently reduce corporate travel, according to a report released Tuesday by IdeaWorks, a corporate travel consulting firm. The report said because corporate travel represented a large portion of professional service firms’ carbon footprints, many will not be able to meet their climate goals without a significant reduction in travel.  Jay Sorensen, the president of IdeaWorks, said that some business travel is “very durable,” but that there are “a whole lot” of other trips that were once routine but may no longer be taken. “Airlines are planning for a future in which there are fewer business travelers,” he said.

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