Lack Of Travel Has Harmed Business Relations, Chubb Survey Finds

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We provide our purchasers with a one-stop shop for all their authorized providers. Direct spending on business travel by domestic and worldwide vacationers, including expenditures on conferences, occasions and incentive applications (ME&I), totaled $334.2 billion in 2019. Direct spending on leisure travel by home and worldwide vacationers totaled $792.four billion in 2019. The selection in these projects speaks to the range of our business.

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While many enterprise vacationers need to resume travel, most stay concerned about COVID well being dangers and travel challenges, the Chubb survey found. Almost three-quarters of business travelers said pandemic restrictions have made their jobs much less effective, and seventy six p.c stated COVID-19 has harmed their capability to keep up relationships with purchasers and/or enterprise companions. Business travelers are eager to travel again for work and life, however most remain concerned at the same time about contracting COVID-19 and favor additional precautions.