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Business class of an American Airlines flight, 2018. Photo: Jeff Greenberg via Getty Images

In an interview with Axios on Monday, Booking.com CEO Glenn Fogel said he believes "the share of business travel will be forever lower than pre-pandemic."

Why it matters: Business travel has an outsized impact on parts of the travel and leisure industry, which is in the midst of adapting to post-pandemic demand.

  • For example, only about 12% of air travel comes from business passengers, but they represent 75% of an airline's profits, according to travel software provider Trondent.

What's happening: Booking.com introduced a new $50 credit for future travel as an incentive to help drive demand for leisure trips — a segment that is expected to pick up faster than business travel.

  • "We need to help get this industry back up and running, traveling safely," Fogel said.

The big picture: The CDC issued new guidelines on Friday for U.S. domestic travel as the number of people who have been fully vaccinated climbs to near 20%.

Thought bubble from Axios transportation correspondent Joann Muller: There are unmistakable signs of pent-up demand for leisure travelers, but business travel is likely going to take much longer to recover, in part because companies are still trying to figure out what return-to-work looks like.

  • It will be easy to replace some corporate travel with virtual Zoom meetings, but when it comes to things like sales, where competition is intense and it’s important to "read the room," travel will become a necessity once more.

Go deeper

CDC guidance says cruise ships won't need to mandate vaccines

Photo: Jane Tyska/Digital First Media/East Bay Times via Getty Images

The Centers for Disease Control and Prevention said Monday that while it recommends all staff and travelers aboard cruise ships be vaccinated for COVID-19, cruise companies do not need to mandate vaccines in order to resume travel safely.

Why it matters: Cruise ships were some of the first super-spreader sites for the coronavirus in 2020 and have been docked ever since.

Updated 27 mins ago - Energy & Environment

Bomb cyclone prompts blizzard warnings from Virginia to Maine

Computer model projection showing the intense storm off of Cape Cod on Jan 29, 2022, with heavy snow and strong winds lashing the coastline. (Weatherbell.com)

Blizzard warnings are in effect for 11 million people from coastal Virginia to eastern Maine as a potentially historic winter storm is set to slam the Mid-Atlantic and Northeast beginning Friday.

Why it matters: The storm will bring hazards ranging from zero visibility amid hurricane force wind gusts and heavy snow, to coastal flooding that will erode vulnerable beaches and threaten property from the Jersey shore to coastal Massachusetts.

Updated 4 hours ago - Politics & Policy

Swastikas found outside Union Station in D.C.

People walk through Union Station on Jan. 16 in Washington, D.C. Photo: Spencer Platt/Getty Images

Drawings of swastikas appeared etched around the entrance to Union Station in Washington, D.C., on Friday morning.

Driving the news: "An investigation is underway with Amtrak Police and the Metropolitan Police Department after swastikas were reported on the exterior of Washington Union Station on Friday," Amtrak spokesperson Kimberly Woods said in a statement to Axios.