As travel begins to resume in many places of the world, Americans are still facing several challenges when it comes to working, living, and traveling in a post-pandemic world.
In particular housing in America is facing a major crisis that is expected to continue well into 2021 and beyond. While fewer people are moving, and multigenerational homes are becoming more common as a result of the pandemic, this has also changed the way many people do business in a global sense.
Post-Pandemic Effects on Business
While the pandemic has affected living situations and travels drastically, businesses have found unique ways to adapt to the change in circumstances. With the advent of video conferencing technology and major advancements in the space, it is now possible for global businesses to maintain operations with a largely remote workforce.
A recent study indicates that 1 in 4 Americans are working remotely now. This rate is expected to increase over the next decade despite the ending of the pandemic. Reports suggest that more people are turning to remote work when possible to facilitate more freedom and less work-related stress. Experts even suggest that remote workers gain a number of benefits and are more productive as a result of being able to work from home.
Many of these benefits transfer over to the business as well with businesses showing higher worker retention levels, increased employee morale, as well as fiscal benefits as a result of a remote workforce. It is becoming commonplace for businesses to implement a 100% remote work policy for employees.
This will potentially have far-reaching impacts on the international business community. Business in foreign markets can now facilitate a workforce in the United States without having to maintain a substantial physical presence. Not only that, broader cooperation is possible with post-pandemic technology.
How These Changes Impact Travel
With remote work taking off and new technology aiding in communication between business elements, it is expected that travel for business may diminish greatly in the coming decade.
Video conferencing and live-sharing software allow for intercontinental collaboration without the need for a physical presence in each area. These changes may make routine business trips a thing of the past.
On the positive side, as business travel decreases, the opportunity for non-work-related travel increases. The increased freedom brought about by remote work situations will allow more people, particularly Americans to travel for leisure while still being able to maintain their work schedules.
Many screenings and procedures are expected to stay in place even once the Covid 19 pandemic has completely subsided, though it is expected these procedures will become simplified and easier to address, much like post 9/11 flight rules. With that in mind, travel is expected to return to pre-pandemic levels.