Operations

Entering Fastest Growing Markets Requires Persistence and Grit

Posted on December 20, 2012 by - Also by this author

Page 1 of 3

The nonstop growth in inter-continental trade and business travel will yield more business opportunities for chauffeured vehicle operators, despite temporary setbacks from economic slowdowns and debt crises.

In this environment, U.S. operators who think globally can benefit from the increasing number of luxury transportation clients heading to other continents to conduct routine business.

Diverse market types
With wider globalization, two general foreign markets for chauffeured transportation have taken shape:

  1. Mature cities and nations that have established business ties with the U.S. going back decades. These would include such perennial foreign destinations such as London, Paris, Frankfurt and most major Western and Central European cities and nations.
  2. Emerging markets sparked by natural resource discoveries such as oil and natural gas, the migration of labor markets, lower, flatter tax structures, and greater freedom to trade — all accelerated by Internet-driven commerce via laptops and smartphones.

It is these emerging markets that are the ones to watch and study, as they bring new opportunities but with some operating challenges that require close attention to details and cultural differences. Key emerging markets would include: New Delhi, Mumbai, Hong Kong, Shanghai, Beijing, Tokyo, Singapore, São Paulo, Buenos Aires, Hungary, Poland, Ukraine, Belarus and Russia, to name a sampling.

Of these, China is projected to match or surpass the U.S. within the next five years in global travel spending, according to studies by the Global Business Travel Association (GBTA).

“There are huge opportunities for successful operators to grow outside of the U.S.,” says Scott Solombrino, CEO of Boston-based Dav El Chauffeured Transportation Network and the President of the Allied Leadership Council of the GBTA. “We look at these as growth opportunities and growth markets as well with a built-in customer base.”

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

More News

Windy City Limousine & Bus Wins "Best Of" Award

The company's diverse fleet and years of experience have earned it many achievements.

Fugitaboutit! Operators Deal With NYC Traffic Woes

Weather and mass transit delays always create additional problems, but 50,000 TNC vehicles ratchet up congestion.

Arkansas Operation Recognized As Small Business of the Year

Pinnacle Car Services, Inc. recieved the accolade from the Greater Bentonville Bella Vista Chamber of Commerce.

How To Make Your Buses Comply With The Latest Rules

eNews Exclusive: Joe Guinn guides operators on the best ways to prepare for the large leap from sedans and SUVs to buses and motorcoaches.

What Is The Future Of The New Luxury Traveler?

There is a growing demand for more human connectedness and meaningful experiences for both adults and children.

See More News

Facebook Comments ()

Comments (0)

Post a Comment

Submit

Blog

See More

LCT Store

LCT Magazine - May 2017 $12.95 Post International LCT Show Issue COVER STORY: * Best Operators of 2017: Their Winning Secrets Revealed * *



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