SUMMARY: Business class tickets and luxury hotel stays are heading up, while more companies are loosening employee travel policies.
Some companies are allowing their road warriors to upgrade to business class on flights and stay in more-upscale properties. That’s a reversal of policies during the recession. For example, more travelers are flying business class on overseas trips. Business class tickets made up 35% of total tickets sold in April 2009. In April 2010, the total was 41%, says Christa Degnan Manning, director of the eXpert insights research practice at American Express Business Travel.
Luxury hotels (Four Seasons, Ritz-Carlton, etc.) and “upper upscale” properties (Marriott, Hilton, Hyatt, etc.) are seeing the biggest comeback. Many companies banned employee stays at more-expensive sites during the recession, in some cases to avoid unfavorable publicity.
BUSINESS TRAVEL TRENDS ARTICLE
Source: The Kiplinger Letter