Survey: 40% Expect Business Travel To Resume By June
Global Business Travel Association members are either overly confident about when normality will resume, or underestimate the seriousness of the COVID-19 crisis.
 |
Bleisure travelers aren’t just Millennials. Business people of all ages are extending business trips into mini vacations…if their company’s travel policy allows it.
79% of mobile travelers completed a booking on their smartphones in 2017, up from 70% in 2016, according to Google.
People still want to be able to speak with a human being…just not over the phone. They like having an instant reply to a specific question without being put on hold. 79% of businesses that offer live chat have seen higher sales, revenue, and customer loyalty, according to a survey conducted by Kayako.
Today’s business travelers often come with important data. Hackers are no longer something you only find in fiction, so corporate travelers will be looking for secure WiFi and Bluetooth connections, as well as a safe place to keep their electronics.
The site recently launched a separate booking site for businesses that features “work-ready” homes. As bleisure travel increases, people are looking to stay in places that don’t make it feel like they are traveling for work.
 |
The 2018 Global Travel Forecast shows hotel prices are expected to rise by 3.7% this year, with Europe seeing the steepest increases. Hotels are also starting to move away from fixed, corporate rates to dynamic pricing models.
Flights will be a lot more crowded due to affordable airfare.
While AI still has a long way to go, it has the potential to save a lot of time and money. The technology will help travelers make quick purchase decisions, check itineraries, and keep up to date on corporate travel policies.
As more Millennials enter the workforce, work-life balance will become a bigger concern to employers. Expect to see more businesses offering flexible options for their business travelers.
The main traits business travelers look for in transportation are dependability, timeliness, and cost. Related industries should be finding ways to appeal to these desires.
 |
Apple Pay, Venmo, and other digital methods of payment are steadily on the rise due to convenience. Research by the DCC Forum shows 51% of business travelers believe all payments will be made via mobile in the next decade.
Business travelers are sharing their experiences on the road now more than ever thanks to the myriad of social networks available to them.
People realize the impact in-person human interaction can have on success. Face-to-face requests are 34 times more powerful than text-based ones, according to an article in Harvard Business Review. As airfare prices decrease, more business travelers will be able to network one-on-one.
 |
Whereas bad weather and car accidents used to be a main concern, more serious possibilities like terrorist attacks and cybersecurity issues have become bigger fears with employers. Companies are looking for businesses that take duty of care seriously.
Many of the major airlines are making it much harder to reach elite status due to flight affordability.
This article has been adapted from a piece titled “Business Travel Trends to Watch in 2018” from ParkDIA user Mike.
Related Topics: business travel, business trends, corporate travel, industry trends, leisure travel, research and trends, statistics
Global Business Travel Association members are either overly confident about when normality will resume, or underestimate the seriousness of the COVID-19 crisis.
The World Travel & Tourism Council is calling for a series of measures to be taken to enable the swift recovery of the sector.
As the coronavirus makes a dent in the economy, assist LCT in helping you by providing the data we need to ensure an accurate picture.
The impact to the industry — and to the broader economy — cannot be underestimated.
Almost one-fourth says the crisis will not last long, while 45% expect it will be three to six months before clients resume normal schedules.
How sweeping changes in fleets, regulations, technology, and pricing will transform ground transportation.
The guide many operators keep open on their desk all year long needs your help to remain the go-to resource.
Automation, machine learning, and artificial intelligence have made it faster and easier than ever to plan and book trips.
Two corporate travel executives explain how providers can adjust to shifting demands and preferences.
The results of a recent survey reveal an overall positive outlook, despite concerns about political and economic stability.
The report says while millennials accounted for 35% of the luxury market in 2019, by 2025 that will rise to 45%.
It’s no longer all work and no play. Bleisure trips – the blending of business and leisure travel – are on the rise.
Domestic activity is declining, and forecasts suggest international trips to the U.S. will slow next year.
Booking systems need to consider how travelers' expectations are evolving along with technology.
SurveyMonkey data shows passengers have gotten so hooked on TNCs that the companies could increase prices further.
The world's No. 1 online marketplace and trader for professional chauffeured and chartered vehicles, including all types of motorcoaches, buses, vans, stretch limousines, sedans, SUVs, exotics, and classics. New and used vehicles are available from sellers across the nation.
The best online networker to find quality affiliates worldwide and market your company.
Click on any state to see the latest industry news and events in that region.
Small Businesses In Limbo As They Await Financial Help
The Scoop On How To Get SBA Bridge Loans
Longtime Operator Offers Wisdom For Worst Times
