Industry Research

Half Of Companies Allow TNC Use For Business Travel

Posted on January 31, 2017

Flickr.com image posted by Mighty Travels (CC license here)
Flickr.com image posted by Mighty Travels (CC license here)
ALEXANDRIA, Va. — Transportation network companies (TNCs) are now allowed by one-half (50%) of all corporate travel policies, a jump from 44% in June 2016, according to the GBTA Business Traveler Sentiment Index Global Report – January 2017, in partnership with American Express. The Index examines business travelers’ feelings about their trip experience and how those feelings affect their behaviors on the road.

As policies expanded to include companies like Uber and Lyft, ridership among business travelers increased 21%. Most travelers anticipate using these types of services about the same amount (71%) or more often (18%) in the three months following the survey.

Use of home-oriented services, like Airbnb and HomeAway, also increased 20% from June 2016, despite only 30% of companies allowing this stay option. Most business travelers expect to stay at home-sharing properties about the same amount (72%) or more often (13%) in the three months following the survey.

“The sharing economy trends that have come to define personal travel are now significantly influencing business travel as well,” says Susan Chapman Hughes, senior vice president, American Express Global Commercial Payments. “However, nearly one in five travelers are still unsure whether their employer’s policies allow for sharing-economy services; making it especially important for companies to communicate clear details about the services and amenities that their policy covers.”

Full GBTA press release here

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

More News

5 Ways To Sell Into The Luxury Travel Market

It’s not your father’s high-end market any more. These lessons apply to chauffeured transportation as well.

Trump Travel Ban Could Deter Business-Related Trips

Tech firms and multinational corporations have lashed out at the move, and some recalled employees traveling overseas.

Study Shows Jobs Rose In Taxi Industry Despite Uber

The authors believe this is the first serious look at the effects of the gig economy platforms such as Uber on jobs.

What Trump Means For Fleet-Based Businesses

Fleet expert: "If Trump eventually rolls back regulations in the automotive sector, he would likely stimulate growth."

Did Trump Victory Bump Up Business Travel?

Any growth in late 2016 was a welcome surprise. Domestic business travel has a positive modest outlook because of more investment spending.

See More News

Facebook Comments ()

Comments (0)

Post a Comment

Submit

Blog

See More

LCT Store

LCT Magazine - March 2017 $12.95 INT'L LCT SHOW ISSUE COVER STORY: * Innovate or Die: Show To Be a Business "Disrupter" * *



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