Pandemic saves German companies € 50 billion on travel

German companies have saved about € 50 billion in travel and business travel for their employees in 2020 thanks to coronavirus restrictions. The head of the German Travel Management Association (VDR) Hans-Ingo Biel spoke about this in an interview with Welt am Sonntag.

“According to our estimates, last year they spent € 5 billion to € 9 billion on business travel,” said Mr. Biel. The Association obtained this figure by polling 560 member companies. Thus, the level of travel expenses of German companies for the year fell by about 90%. At the same time, according to the newspaper itself, large corporations managed to save several hundred million euros. For example, the pharmaceutical company Bayer saved € 266 million during the pandemic, and the chemical concern BASF – about € 200 million.

Mr. Biel predicts that even with the imminent lifting of coronavirus restrictions, the volume of business trips in the coming years will still remain at an extremely low level compared to the dock period.

Kirill Sarkhanyants