New research shows that a speedy return of business travel following the coronavirus pandemic could boost the British economy by over £17 billion ($21bn) over the next eight years.
A report published by public consultancy WPI Economics on Thursday said the return of executive travel could spur regional economies and help growing sectors such as FinTech and gaming.
Polling by the consultancy showed that more than 73 per cent of businesses expect to travel for work in the next two years, a figure that rose to nine in 10 (89 per cent) in London.
In addition, the research found that about two thirds (67 per cent) said that they would lose clients or contracts if their team was unable to fly.
The consultancy compared the advantages of a speedy return to a slow return and found that the quick-return scenario would boost the UK economy by as much as £17.5bn between now and 2030.
Restrictions on flights during the coronavirus pandemic severely curtailed business flights as executives turned…