New research suggests that the growth of video conferencing technology is set to change the face of air travel and greatly reduce the need for business travel.
The study by Forrester Research found that business travelers would soon be replaced by leisure passengers and companies that rely on high-priced business-class fliers may soon find themselves in trouble.
"Baby boomers are retiring and the generation following behind is more comfortable with technology such as videoconferencing, which can significantly reduce the amount of business travel," Henry Harteveldt of Forrester Research told the Windsor Star.
Other organizations have also noted the decreasing popularity of business travel. A study from the International Air Transport Association found that premium air travel demand dropped 25 percent in 2009. Those figures have rebounded slightly in the first part of 2010 due to the economic recovery.
In addition to the reduction in business class flying, video conferencing technology has also benefited from the rising cost of air travel in general. A recent study by American Express found that business trip costs were set to increase by 15 percent in the coming years.