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  "documentTitle": "Lebanon Economic Vision",
  "authorId": "McKinsey",
  "authorName": "McKinsey",
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  "notes": "The chart shows a clear downward trend in flight duration, supported by cost-saving and technological factors.",
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      "kind": "callout",
      "text": "Flight tickets represent the largest portion of overall M&I costs (typically 30-50%)",
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      "kind": "chart",
      "text": "Average flight time from global corporate HQs to M&I event destinations, hours",
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      "text": "Companies are looking to reduce the cost of meeting and incentives: Flight tickets represent the largest portion of overall M&I costs (typically 30-50%) Technological improvements such as video conferencing are reducing the requirement for travel Domestic/regional destinations are better positioned to cater to the unique requirements of neighboring markets (e.g. cultural and linguistic similarities) Companies are becoming increasingly conscious around the duration of travel",
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      "text": "Average flight time: -11% p.a.",
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      "kind": "source-note",
      "text": "SOURCE: BTS; Euromonitor; Press search; Team analysis",
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      "kind": "title",
      "text": "Recently, companies have been seeking nearer destinations to host meetings and incentives",
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