Kayak, the travel price-comparison service, on Tuesday debuted a corporate travel service for large companies.
25.08.2023 - 14:27 / skift.com / Matthew Parsons / Africa
When a company as large as Shopify, circa 10,000 employees, declares it is banning meetings that involve more than two people, change is afoot.
The remote work-friendly firm, which builds software to help companies sell products online, wants to save the sanity of its staff who are being burdened by an overload of virtual meetings. This operational shift, which will affect only recurring meetings, will eliminate 10,000 company events, equivalent to 76,500 hours of meetings, according to Fortune magazine.
Experts now predict a resurgence in business travel following widespread video conferencing and online meeting fatigue, as organizations settle into better hybrid-work practices.
“We are seeing a significant increase in internal in-person meetings from our enterprise Fortune 1,000 clients,” said Ciaran Delaney, CEO and founder of booking platform Hubli. “These meetings have an average of 32 attendees and grew by 515 percent in 2022 versus the previous year.”
He added most were now reducing their office footprint and hiring more remote-first employees, and anticipates the blend between in-person and virtual to continue to evolve and refine. “Clearly both are required, and both address different needs,” he said. “In-person is critical for collaboration, innovation and relationship building while virtual brings added convenience and is ideal for more functional project driven tasks.”
According to a recent survey of UK and U.S. event planners by etc venues, more than half (53.5 percent) have seen a noticeable improvement in business performance within their organization since returning to face-to-face meetings. And 99 per cent valued them more than or the same as before the pandemic, up from 82 per cent a year ago.
As the shift to remote work continues, amid waning interest in virtual meeting platforms (based on Google searches) and after the bubble bursting in the middle of last year, there’ll be renewed interest in virtual office platforms.
These are designed to replicate that “persistent” presence online, and if working properly can lead to frictionless, impromptu remote collaboration, rather than scheduled Zooms.
“There isn’t a boardroom in the country that’s not asking the question: what do we need to do to right-size our real estate commitments,” said Adam Riggs, CEO of U.S.-based virtual office and event platform Frameable. “The following question is, what types of technology are going to support that?”
Frameable has designed online work and social spaces for companies such as Amazon, Airbnb, and Uber, and began including office environments a year ago.
“It’s not like a new category of travel, but there’s a new level of demand for internal team travel,” he added. “Instead of doing it once a year
Kayak, the travel price-comparison service, on Tuesday debuted a corporate travel service for large companies.
Jongyoon Kim, the CEO of South Korea-based superapp Yanolja, sees Tesla as the metaphor for its company highlighting how the electronic vehicle company has been rethinking the entire value chain.
Agency consortium GlobalStar Travel Management is expanding in Europe, after boosting its presence across North America and Asia.
Travel prices across Europe have started to decline, following months of continuous hikes in air fares and hotel rates. However, they’re expected to remain highly volatile for several years as the market undergoes a correction.
Skift Research has been tracking the performance of the major travel sectors in 22 countries since the beginning of the pandemic in the Skift Travel Health Index. We have seen a steady upward trend, but the final push to full recovery seems more stubborn than we initially thought.
The situation on the ground in China isn’t ideal as the country readies to remove its travel restrictions this weekend.
Good morning from Skift. It’s Thursday, January 5, and here’s what you need to know about the business of travel today.
It was the news everyone was waiting for. Finally the U.S. government set a date, Nov 8. 2021, to reopen its borders.
The recent relaxation of zero-Covid policies in China offered great hope to a corporate travel industry stymied by those rules and one waiting to bring China back into the fold to speed up its recovery. But the ensuing testing requirements being put in place now by countries will be a major setback and dent much-needed confidence, industry associations warn.
Airlines canceled more than 2,000 U.S. flights, disrupting holiday travel for thousands, as a powerful winter storm hit the United States.
A laboratory study has cast doubt on the effectiveness of the UK’s travel restrictions last year.
Australia’s Flight Centre Travel Group is buying UK-based tour operator Scott Dunn for $148 million (A$211 million), in a bid to expand into the U.S., as well as the UK.