LONDON—The restoration of ‘air corridors’ between the world’s top financial centers are vital to reviving international business travel and help kick-start 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 restarting 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 $272 billion (£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 travelers, 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 that 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.
Gloria Guevara, WTTC president/CEO, said, “While the recent ‘island policy’ introduced by the U.K. government marks a step in the right direction with a more targeted approach, WTTC believes a laser-like focus is necessary to reopen key international business routes, which could provide a significant economic boost.”
“Flights must be restored along ‘city corridors’ linking cities with similar low COVID-19 case numbers, such as between London and New York, Washington, Paris, Frankfurt, Dubai, Amsterdam, Hong Kong and Shanghai,” she said. “Every time the U.K. government places another destination on its quarantine list, the economy suffers. International business travel is the lifeblood of the global economy contributing more than $272 billion a year.
“Therefore, the government should abandon quarantines, which don’t work, and focus on more targeted measures like ‘city corridors,'” she added. “The WTTC pilot scheme with its twin test regime will help reassure corporates that it is safe for their employees to travel and remove the need for unhelpful quarantines. We need a concerted international framework at the highest level to introduce comprehensive, rapid and cost-effective testing at airports, with a worldwide accepted standard of contact tracing and widespread use of face masks. To continue with the current chaos would be a huge mistake and would cause further severe economic damage and unnecessary hardship to millions around the world.”
The U.K. is the fourth biggest G20 economy in terms of international Travel & Tourism spend from business travel, which amounted to $9.5 billion (£7.5 billion) in 2019; 26.5% of all international Travel & Tourism spend.
Of the other G20 countries, the U.S. had the highest international business travel spend in 2019, at $47.75 billion. Germany was second with $12.8 billion (£10.1 billion), China was third with $10.7 billion (£8.45 billion) and Russia was fifth with $8.6 billion (£6.8 billion).
Last week, WTTC revealed that $26 billion (£22 billion)—or $71 million (£60 million) a day—could be lost from the U.K. 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 U.K. collapse. International visitor spending was predicted to plunge by 78% compared to 2019 levels, putting three million U.K. Travel & Tourism jobs at direct risk of being lost in a “worst case” scenario mapped out by WTTC economic modeling.
It has urged the adoption of global health and safety protocols, through the WTTC’s “Safe Travels” initiative, to provide assurance to travelers and those working within the sector. It also says there is ample evidence from other countries that 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 standardized global approach to the crisis, which is critical to contain the virus and enable people to travel in safety.