Travelers to the U.S. must pay a new "visa integrity fee" to visit, but questions remain as to how and when it will be implemented. Here's what we know so far.
I am one of the bosses. I’ve been around lots of businesses that do this kind of thing, including tiny startups.
I’m telling you for most businesses, if they’ve bothered to send someone on a business trip that costs $2500+ per person for an important reason, they aren’t going to cancel it over $250. That’s foolish.
Business travel elasticity has traditionally been around 0.4, meaning business travellers will tolerate higher fees with only a small drop in demand. But there would still be a drop.
What no one has mentioned here so far is that the $250 additional visa fee is refundable. But it’s not automatically refunded. You have apply for it after meeting some basic conditions. So for businesses, it’s really a much smaller administrative cost.
So far the process for applying for the refund hasn’t been established. So it’s all a bit of a hot mess still.
I already said it’s not about 1 person, it’s about a team. I see you’re finally adding the caveats “for an important reason”, that’s what I’ve been saying all along. Now you just have to add the other things I’ve been saying: For training and random conferences, it adds up. It’s about the total cost. Etc. Ok I think this has reached its end point, ciao.
The percentage doesn’t change for a team vs individual. 3 people also need 3 plane tickets, 3 hotel rooms, etc.
The boss doesn’t care about the percentage, they care about the bill. The total amount.
I am one of the bosses. I’ve been around lots of businesses that do this kind of thing, including tiny startups.
I’m telling you for most businesses, if they’ve bothered to send someone on a business trip that costs $2500+ per person for an important reason, they aren’t going to cancel it over $250. That’s foolish.
Business travel elasticity has traditionally been around 0.4, meaning business travellers will tolerate higher fees with only a small drop in demand. But there would still be a drop.
What no one has mentioned here so far is that the $250 additional visa fee is refundable. But it’s not automatically refunded. You have apply for it after meeting some basic conditions. So for businesses, it’s really a much smaller administrative cost.
So far the process for applying for the refund hasn’t been established. So it’s all a bit of a hot mess still.
I already said it’s not about 1 person, it’s about a team. I see you’re finally adding the caveats “for an important reason”, that’s what I’ve been saying all along. Now you just have to add the other things I’ve been saying: For training and random conferences, it adds up. It’s about the total cost. Etc. Ok I think this has reached its end point, ciao.