Travel restrictions related to Covid-19 saved company travel budgets about $700 billion in the past year, according to the Financial Times.
Amazon announced it saved $1 billion in employee travel expenses this year, as the coronavirus pandemic kept employees from hopping on airplanes, although other expenses increased due to social distancing measures, testing employees for the coronavirus and acquiring protective supplies for personnel.
Nevertheless, there were huge saving as business professionals were hopping on Zoom, TEAMS & WebEx instead of airplanes this past year.
What did your company do with these unexpected travel surpluses?
If you were the CEO of your company, what would you do with the travel budgets that were not used last year?
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