As the travel sector continues to recover, patterns of corporate travel established prior to the pandemic have yet to fully again take shape.
As the travel sector continues to recover, patterns of corporate travel established prior to the pandemic have yet to fully again take shape. The proliferation of the work-from-home model gave rise to the digital nomad, and communications and collaborative tools have supplemented the all-important client meeting or company-wide touch base. While a portion of overall travel has returned, this fluidity has made it difficult to target when or how a true revival within the corporate sector will come. Beyond that, renewed economic concerns may make virtual options more suitable in the short term. As the new year gets underway, what can employees expect?
Where Some Signs Point
Economic concerns have surpassed Covid-19 as a leading cause of concern for business travel suppliers. Despite that, many companies have no immediate plans to limit business travel. The lines between work and play have also blended as a result of flexible working arrangements, which will impact pricing structures and overall travel patterns. The legacy of the pandemic has required travel professionals to be malleable and dedicated to conforming to the evolving needs of their customers. Any tentativeness by companies or employees will require travel providers to be all the more discerning in how they plan and the accommodations they suggest. However, the sector has generally experienced an incredible degree of recovery this year, and any grim outlook might just discount the resiliency built throughout the past few years.
The Nomadic Workforce
Speaking of resilience, critical workforces in industries like construction, healthcare and first responders will always need to travel to some degree. Compounding that fact with the rise of the digital nomad, it becomes clear that workforces are on the move whether by choice, the simple nature of their jobs or both. There is a range of corporate housing providers out there, and all are operating under limited inventory and a rising cost of living. The distinction between them is the lengths they’ll go to support their customers. At a time when many may struggle to find the right accommodation, at the right time and price point, friendly and personable customer service remains a business imperative.
The Employer-Run Model
See full article here: https://www.newsweek.com/corporate-housing-trends-watch-2023-1780508