Blog

Where did the $700 billion travel budget go?

Where did the $700 billion travel budget go?

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?

 

Photo Image by Alamy #2B7GJEN

Contact Information

Dan Norenberg
Franz-Joseph-Str. 12 / Gartenhaus
80801 Munich
Phone: +49 89 306 322 10
E-Mail: dn@dannorenberg.com

About Dan Norenberg

Dan Norenberg improves leadership performance and organization results through Executive Ownershift®, his transformational growth process for executive teams. As a trusted advisor, consultant and professional speaker, Dan’s mission is to enable executive teams and their organizations to play at their best.

Search