The travel industry has undergone significant changes in recent years. The coronavirus pandemic has had a huge impact on travel around the world. Flights have been blocked around the world and business travel has been suspended. The international conferences were held by video call and many people did not travel for more than a year.
The UK started reopening earlier this year – but fewer companies wanted to send employees overseas. The UK travel list limited travel to countries around the world, such as Australia and the United States. The travel list slowly began to relax so that people could travel to more countries.
As we enter the post-pandemic era, here are some ways in which business travel is evolving.
Commercial airlines are in trouble
Commercial airlines are still struggling to reach pre-pandemic levels. Many airlines went bankrupt in 2020 like LATAM, Virgin Australia, RavnAir, Trans States Airlines, etc.
Commercial airlines are vulnerable to events beyond their control, such as terrorism, political instability and natural disasters. Over the past decades, the commercial airline industry has seen many exogenous events – and many of them have been catastrophic. Over time, the industry has built a bad reputation for long lines, cramped seats and poor service. Some passengers have started to question the safety of these airlines.
Growth of private industry
As the commercial sector collapses, the private airline industry is on the rise. There is a much higher demand for private jets and exclusive business services. In fact, in July 2021 alone, private jet operators made a whopping 456,088 flights. The wealthiest travelers want to fly in style on their own private jet. You can either rent a private jet or buy one yourself.
Increase in flight hours
Private jet operator Vista Global recorded a 67% increase in flying hours worldwide in 2021. Vista Global offers a premium flying experience to travelers around the world. Private air transport is synonymous with luxury and comfort. Travelers want high-quality jets with better food choices, exceptional customer service, and no baggage restrictions.
Private jets have fewer passengers and fewer people handling your luggage. There is no risk of your luggage getting lost on the way to your destination. Private travel is much more convenient for those traveling on business. You are in full control of your schedule and you don’t have to waste time queuing at the airport. You can get on and off the plane without spending hours at the airport on either side.
Private air transport is the future of the business sector. While private travel is much more expensive, business travelers will have a much more luxurious experience. You can work on the plane, go to your meeting, and fly easily.