Business travel is a vital aspect of many companies, but it seems that smaller businesses are having a hard time recovering from the pandemic-induced halt on travel. Despite the IBEX 35 companies showing signs of recovery in terms of business travel, small and medium-sized enterprises (SMEs) are lagging behind in the race to resume traveling for work purposes. Reports show that only 65% of SMEs have resumed business travel, compared to 95% of IBEX companies – a worrying discrepancy that could have long-term implications for smaller businesses.
The benefits of business travel cannot be underestimated, with face-to-face meetings often leading to more productive and successful outcomes. However, the pandemic has put a stop to this essential aspect of business, with many companies forced to rely on virtual meetings instead. As the world begins to open up again, it’s clear that SMEs need to catch up to ensure they don’t miss out on valuable opportunities.
It’s not just the lack of travel that’s the problem either; SMEs face many challenges in the current landscape. Economic uncertainty, changing consumer behavior, and the ongoing impact of the pandemic have all made it harder for smaller businesses to thrive. Business travel can help overcome some of these challenges by opening up new opportunities, finding new clients, and networking with industry professionals.
Despite the challenges that SMEs face, it’s not all doom and gloom. With a bit of help, smaller businesses can get back on track and start taking advantage of the benefits of business travel once again. From government support to creative funding solutions, there are ways to support SMEs in their efforts to get back to business.
Business travel may seem like a small issue in the grand scheme of things, but for SMEs, it can make all the difference. As IBEX companies resume travel with vigor, it’s important that smaller businesses are not left behind. By providing support and encouragement, we can help SMEs get back on track, and ensure that their long-term success is guaranteed.
” Sources www.elnacional.cat ”
