The Business Journals - Week of June 28

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AWARD WINNING EDITORIAL

JUNE 28, 2021 VOL. 57, No. 26

I N CLU DI N G TH E H U DSO N VALLE Y WE E K LY S EC TIO N

westfaironline.com

CLICK HERE FOR VIDEO Kathy Winsted

PACE DIALS UP POLLS FOR THE BUSINESS COMMUNITY BY PETER KATZ pkatz@westfairinc.com

P

ace University’s Lubin School of Business is carving out a niche for itself in the crowded field of polling. Numerous commercial polling organizations and institutions of higher learning are cranking out surveys of what people think about subjects as divergent as whether they prefer Donald Trump or Barack Obama (60% Obama, 42% Trump,

by Fox News) or have a positive view of the movie industry (42% of Americans do, by Gallup Inc.). Pace, however, has decided to focus on business as it enters the world of pollsters. The Pace Business Poll has launched in partnership with The Business Council of New York State and The Business Council of Westchester. It grew out of a concept created by the Lubin School of Business in conjunction with the Center for Student Enterprise at Pace, which is headquartered on the Pleasantville campus. The center provides a home for several student-run businesses,

including Pace Connect, a student-run research and call center. The first poll in what the founders plan as a twice-yearly series focused on the impact of the pandemic on business in Westchester, Rockland, Long Island and New York City and the businesses’ plans for the future. The director of 6

» PACE

What does the future hold for business travel, events? BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com Slowly but surely, business travel appears to be on the rise once again. But it’s the “slowly” part that has some observers worried. “Domestic leisure travel is now at 99% of where it was pre-pandemic,” U.S. Travel Association President and CEO Roger Dow said

at a June 15 webinar hosted by his organization. “But business travel is still 69% down from where it was last spring.” Dow said estimates are that, if current trends continue, the business travel sector won’t equal its pre-pandemic levels until 2024, “and that is certainly too long to wait.” For calendar year 2019, domestic leisure travel

» BUSINESS TRAVEL

Evan R. Corsello

Frank J. Gaudio President & CEO

203.302.4375

accounted for $724 billion in spending while business travel added another $270 billion. Last year, leisure dropped to $555 billion but business plummeted to $88 billion. The travel association forecasts those respective numbers to reach $671 billion and $116 billion this year; $718 billion and $193 billion in 2022; $737 bil-

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