Are you aware of the many changes in business travel scheduled to take place in 2020? Travel losses are expected to accelerate in the near term and hit -5.5% in 2020 as compared to a decline of just -0.5% in 2008. Traveling for work used to be a regular part of the week, but after 2020 travel for business took a significant downturn. Businesses were looking for ways to reduce travel costs and maximize productivity, so many decided to cut down on their travel budgets.