Reuters (July 16)
2020/ 07/ 17 by jd in Global News
“Pandemics don’t lend themselves to jetting around for client lunches.” Year on year, Goldman Sachs halved its Q2 market development expense. “Other banks, like Citigroup and JPMorgan, have also recorded falls in marketing-like expenses.” This “sheds light on how tough post-pandemic life will get for the travel industry if high-spending businesses emerge sustainably more frugal. Delta Air Lines Chief Executive Ed Bastian warned this week that business travel may never come back to 2019’s levels.”
Tags: Business travel
