GBTA Forecasts Strong Global Business Travel Spend
Spending is estimated to advance another 7.1% in 2018 and will expand to $1.7 trillion total by 2022.
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The reality, however, is more complicated.
The “Taxi & Limousine Services in the U.S.” report from IBISWorld shows luxury and sedan corporate car services account for 13.9% of the total ecosystem, while taxis account for about two-thirds of the market.
Car service use is on the rise in general, after losing ground to TNCs from 2012 to 2015, according to the report. Regardless, revenue and employees grew over the same time period when car services and taxi companies lost market share to company's like Uber and Lyft. It pegs the segment’s revenue at $19.6 billion with a $1.7 billion profit, showing how expensive it is to run a car service company.
Related Topics: business travel, corporate travel, industry trends, Lyft, research and trends, taxis, TNCs, Uber
Spending is estimated to advance another 7.1% in 2018 and will expand to $1.7 trillion total by 2022.
The event provides a wide platform for the industry to promote its safety, comfort, and convenience advantages.
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As business travelers gain more control, their personal preferences are emerging in the way they spend for work trips.
While companies are interacting constantly with artificial intelligence every day, the technology now transcends the office space.
Simple meetings generate sizable business travel costs – yet clients do not follow solid duty-of-care guidelines.
Lenore D'anzieri of Dav El | BostonCoach discusses up and coming travel trends all luxury transportation companies should be aware of in 2018 and beyond.
A study found women and less experienced drivers were more likely to use cellphones and drive at the same time.
To find the most driver-friendly places in the U.S., WalletHub compared the 100 largest cities across 29 key metrics.
Lenore D'Anzieri of Dav El | BostonCoach will present the best ways to meet the needs of modern business travelers.
A Los Angeles operator explains why your luxury ground transportation must match the elite standards of private jets.
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New data reveals incidents and accidents resulting from drivers not paying attention spike during the warmer months.
Find out where your clients are going in 2018 when money is no object.
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.
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Art Rento Sr., Chicago Operator, D-Day Survivor, 1923-2018
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