The 169 respondents polled for the survey are directly involved in managing corporate travel policies and budgets across 30 industries. The research sought to gauge “attitudes and actions companies have taken to scale back travel and plan for the future.”
Survey results showed that more than 40 percent of C-level executives are willing to spend on new virtual meetings technologies. This finding indicates that top decision-makers likely view the concept of virtual travel as a beneficial investment and supports the idea that companies are transitioning from targeting cost reductions to a strategy built around more thoughtful spending to connect employees.
- 74 percent said their companies use or plan to use audio-conferencing as an alternative to travel.
- 15 percent of respondents are currently researching broadband collaboration options.
- 10 percent have no alternative technology strategy to replace in-person meetings.