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.
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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
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.
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