Microsoft co-founder Bill Gates says that over 50% of business travel and 30% of time in the office will never come back even after pandemic restrictions are lifted:
My prediction would be that over 50% of business travel and over 30% of days in the office will go away. Now it’s not the gold standard that to fly all the way here to sit in front of me that. You can do the virtual connection. It will be a very high threshold to actually doing that business trip. There will be ways that you can work from home a lot of the time. Some companies will be extreme on one end or the other.
I just don’t like talking to African leaders and I always feel bad for African leaders. There are so many conferences in Europe and the US that they are expected to come to. Yet, their job in their countries is so important like their education or health system or collecting taxes or disability. Yet, they spend half their time on all these trips. The fact is now we can do a 20-minute call as needed and touch with base them. It’s been pretty impressive how a lot has gotten done. We will go to the office somewhat. We will do some business travel but dramatically less.
The fact that the (video communication) software doesn’t have any sort of serendipitous thing of people you run into after the meeting or gathering thing, there is some work to be done there. So no I haven’t run into somebody and made a new friendship. There is something missing there.