Remote Work Is Killing the Hidden Trillion-Dollar Office Economy

 


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It will save these companies leasing costs and their employees their commutes, but at what cost to the rest of the economy?


Office-dwelling road warriors — a primary profit center for the travel industry — are now home-bound Zoomers, resulting in a bloodbath for airlines and hotels.



Regardless of the length of the recovery, it looks likely that airlines and hotels will have to shrink, die or reinvent. And, in a profound forced makeover, the cities will have to reimagine themselves as well.