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Lack of Business Travel Has Saved German Firms 50 Billion Euros

Covid-19 Testing At Berlin's New Airport With Pandemic Intensifying
Photographer: Krisztian Bocsi/Bloomberg

German companies are estimated to have spent 50 billion euros ($60 billion) less on business travel in 2020 due to the coronavirus pandemic, German newspaper Welt am Sonntag reported.

“We estimate that they spent a middle- to high-single-digit billion amount on business trips last year,” Hans-Ingo Biehl, head of the VDR Association of German Travel Management, said in an interview with the newspaper.