00:00Could it be the end of business travel?
00:02Airfares are up 30% and Zoom is free.
00:05For many companies, the math isn't hard.
00:07The U.S.-Iran war sent jet fuel prices through the roof,
00:10and closing the Strait of Hormuz made it even worse.
00:13Airfares across the UAE and GCC have jumped over 20%,
00:17and they're expected to stay 30% higher all year.
00:20So UAE and GCC companies are making a simple call,
00:24save the business flights for when it truly matters.
00:26Since COVID, 35-55% of business meetings have been moved online permanently
00:32Add sky-high airfares and the business trip just became a luxury most firms can't justify
00:37The era of flying for a business meeting, it could be over
00:40For more business news, head to khalishtimes.com
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