The first estimates of the impact of the coronavirus on business travel are starting to come in. And to no one's surprise, the spread of Covid-19 has frozen business travel worldwide. On Tuesday, theUnion of French Airports (UAF) estimated the fall in traffic at 20%. This figure is in line with estimates published on Wednesday by Expensya. Based on a volume of travel expenses of over 30 million euros processed per week, Expensya estimates that domestic travel has fallen by 25% for large groups since the beginning of March. Among VSEs/SMEs, the fall was limited to 10%.
The situation is obviously on a completely different scale in the coronavirus red zones. Virtually all business travel to the Mainland China were cancelled, with a staggering fall of 95%. Hong Kong (80%), the South Korea (55%) and the Japan (30%) are also among the most affected destinations. Visit Italythe estimated fall to 55% is expected to worsen with the quarantine decreed at the beginning of the week, and the closure of more and more air routes since then. As for theSpain - where the Mobile World Congress was one of the first major events cancelled - Expensya estimates the decline at 55%.
