Luxury Rebound, But Frugal Biz Travelers

Posted on February 20, 2013 by - Also by this author

CHAUFFEURED TRENDS: Two recent Wall Street Journal stories point to wider indicators for the chauffeured transportation,in an economy sending mixed signals. A Feb. 13 article, “What Recession? Americans Regain A Craving For Luxury,” (actual article requires subscription) explains how luxury consumption shows signs of recovery and strength. On that theory, where Louis Vuitton goes, there go the limos, which is good for the upper slice of chauffeured clients. But a second article the same day, “CEOs Fly Coach? Business Travel Turns Frugal,” (MarketWatch access to article here) reports that companies are pressuring its employees to “travel down” to coach class and less expensive hotels, forgoing perks. The increase in business travel spending overall is attributed to higher pricing by providers, not more travelers. In an atmosphere where companies are pinching the perks, easily expendable chauffeured vehicle services should adapt by providing lower-priced tiered service to forestall an exodus to taxis and airport shuttles. That means: Chrysler 300, Toyota Avalon Hybrid, Hyundai Genesis, etc. – affordably priced vehicles with good fuel mileage that can preserve the chauffeured service for cost-conscious business travelers. — Martin Romjue, LCT editor

View comments or post a comment on this story. (0 Comments)

More LCT Blog Blog Posts

August 16, 2017

Don’t Let Poor Grammar, Spelling, And Punctuation Ruin Your Image

You are what you write. Make sure you leave a good business impression, especially on social media.

August 8, 2017

Behind The Screens: Why Face Time Matters

Computers and smartphones have conditioned us to text and email our way through life. Here’s how Millennials and managers can work together to break the habit.

July 31, 2017

Let's Not Make AI The New Y2K Scare

Machines will not take away all of our jobs any more than the Y2K scare ushered in Armageddon.

July 25, 2017

"Does No Smoking Mean Weed Too?"

What's the response to that question now that more states are legalizing recreational use of marijuana?

July 18, 2017

Getting It Wrong On Uber’s Return To Austin

See Exhibit A on the misleading spin the limousine industry faces when exposing the unfairness of TNCs.

See More

Facebook Comments ()

Comments (0)

Post a Comment

Submit

Blog

See More

LCT Store

LCT Magazine - August 2017 $12.95 MILLENNIALS/FAST 40 ISSUE COVER STORY: * How to Score & Keep The Best Young Talent * *
LCT Magazine - July 2017 $12.95 COVER STORY: * Why These Titans Work So Hard to Give it Away * *



Connect

Experience the three annual industry events for networking for business, showcasing vehicles and products, and getting the tools for success.

Read About Your Region

What’s Happening Near You?
Click on any state to see the latest industry news and events in that region.

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Metro Magazine

Serving the bus and passenger rail industries for more than a century

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

Please sign in or register to .    Close