September 9 - The restoration of ‘air corridors’ between the world’s top financial centres are vital to reviving international business travel and help kickstart the global economic recovery, according to the World Travel & Tourism Council (WTTC).

 

WTTC, which represents the global Travel & Tourism private sector, says it is crucial that international business travel resumes, following its near collapse due to the coronavirus pandemic.

 

WTTC is calling for the introduction of a pilot scheme, involving airport-based testing, followed by a second test just days later, for travel between the financial hubs of London and New York, with the aim of re-starting business travel.

 

An analysis of Public Health England’s data by WTTC suggests two tests in quick succession could be 80% effective in identifying passengers with COVID-19, and thus reduce the quarantine period from 14 to four to six days or no quarantine at all.

 

Each year, inbound international business travel accounts for more than US$272 (£215) billion. While leisure travel makes up the bulk of international Travel & Tourism spend (83.77%), (inbound) international business travel (at 16.23%) is relied upon heavily by many international airlines, which depend upon frequent flying business travellers, especially on highly competitive routes across the Atlantic, for their profits.

 

The restoration of international business travel across the Atlantic, could benefit the entire Travel & Tourism sector; from airlines and hotels to travel management companies and ground transport providers, reviving tens of thousands of jobs and a multitude of companies which depend upon business travel for their survival.

 

However, WTTC warns this will only happen if the government takes a targeted approach, ditching blunt country-wide quarantines which have a devastating economic impact.

 

The UK is the fourth biggest G20 economy in terms of international Travel & Tourism spend from business travel, which amounted to US$9.5 (£7.5) billion in 2019; 26.5% of all international Travel & Tourism spend.

 

Of the other G20 countries, the US had the highest international business travel spend in 2019, at US$47.75 (£37.72) billion. Germany was second with US$12.8 (£10.1) billion, China was third with US$10.7 (£8.45) billion, and Russia was fifth with US$8.6 (£6.8) billion.

 

Last week, WTTC revealed a staggering £22 billion – or £60 million a day – could be lost from the UK economy due to the collapse of international travel during 2020.

 

Travel restrictions, such as quarantines introduced by the government, has seen international travel and visitor numbers to the UK collapse. International visitor spending was predicted to plunge by 78% compared to 2019 levels, putting three million UK Travel & Tourism jobs at direct risk of being lost in a ‘worst case’ scenario mapped out by WTTC economic modelling.

 

WTTC has continually been at the forefront in leading the private sector in the efforts to rebuild global consumer confidence and encourage the return of Safe Travels.

 

The health and safety of travellers and those who work within the sector has always been its number one priority. It has urged the adoption of global health and safety protocols, through its ‘Safe Travels’ initiative, to provide assurance to travellers and those working within the sector.

 

It also says there is ample evidence from other countries which suggests only those who test positive for coronavirus should be quarantined.

 

WTTC advocates the implementation of a rapid test and trace strategy, with strong collaboration between governments to ensure a standardised global approach to the crisis, which is critical to contain the virus and enable people to travel in safety. For more information, please visit wttc.org

 

 

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