Changing Trends in Business Travel Booking in 2017-2018

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GlobalData’s "Changing Trends in Business Travel Booking in 2017-2018", report examines industry sentiment about the changing trends in business travel booking in 2017-2018. Furthermore, the report seeks to know travelers approach towards business travel, has it been impacted by recent political and economic events, important criteria for business travel booking, and the transport preferences and expenses incurred for business travel in 2017-2018.

Over the past 12 months, business travel by air towards China and the United States has increased as a result of increased need to travel to that market. Recently the introduction of long-haul flights being offered by low cost carriers has not impacted the work travel plans of the respondents. Off the travelers when navigating around their destination for business trip, 36% of female respondents opt for public transport as compared to 21% of male respondents. When booking an overnight stay for business, the majority of the business travelers identify free Wi-Fi in rooms as an important consideration and the majority of them use physical copies to track their expenses when travelling for business.

What else does this report offer?
– Most countries traveled by air on business: Analyses the countries traveled by air on business and how has this changed versus the previous 12 months
– Recent political and economic events and its impact on business travel plans: Evaluates if the recent Introduction of long-haul flights has impacted the work travel plans of travelers or not
– Mode of transport used: Identifies the mode of transport used while navigating around business destinations by business travelers
– Booking an overnight stay for business: Highlights which are the important factors travelers look out for while booking an overnight stay for business
– Business expense tracking: Identifies the most commonly used mode of tracking expenses by travelers when travelling for business
– Frequency of corporate retreats by business travelers: Identifies how frequently business travelers visit residential stays / retreats

Scope

– When flying long-haul, 43% of respondents try to spend a few days at their destination, not working

– Overall, work travel plans have not been affected by the introduction of long-haul flights being offered by low-cost carriers

– In total, 26% of respondents in the age group 55-64 years stated that their business travel has been negatively impacted by recent political and economic events

– When booking an overnight stay for business, 79% of respondents identify free Wi-Fi in rooms as important consideration

Reasons to Buy

– Helps travel agencies/organizations in understanding the travel patterns of business travelers and devise their business plans accordingly

– Helps to alter the investment allocation by understanding travelers approach towards traveling to various countries; has it increased, remained the same or decreased

– Organizations will be supported in business expansion decisions by providing information about transport preferences and expenses incurred by travelers on business tours

– Helps organizations to make effective business strategy decisions by knowing the travelers opinions on recent political and economic events, and if it has hampered the travel plans

Table of Contents

Table of Contents

Introduction

Profile of travelers – overall

Key findings

Countries traveled by air on business

Countries traveled by air on business – Has it increased, decreased or remained the same in the past 12 months

Recent political and economic events and its impact on business travel plans

Introduction of long-haul flights and its impact on work travel plans

Has the recent political and economic events impacted your work travel plans

Mode of transport used by business travelers

Mode of transport used while navigating around business destinations

Important criteria for booking an overnight stay for business

Most important factors travelers look out for while booking an overnight stay for business

Mode used by travelers to track their expenses

Mode of tracking expenses when travelling for business

Traveler’s satisfaction level with their current expense tracking process

Frequency of corporate retreats by business travelers

Frequency on corporate residential stays / retreats

Types of corporate residential stays / retreats travelers usually attend

Appendix

Figures

List of Figures

Figure 1: Countries traveled to by air on business – Responses by top 20 countries

Figure 2: Countries traveled to by air on business – Responses by top 10 countries who said ‘increase’

Figure 3: Countries traveled to by air on business – Responses by top 10 countries who said ‘decrease’

Figure 4: Recent political and economic events and their impact on business travel plans – Overall

Figure 5: While flying long-haul flight – Overall

Figure 6: Recent political and economic events and its impact on business travel plans – Overall

Figure 7: Recent political and economic events and its impact on business travel plans – Age

Figure 8: Recent political and economic events and its impact on business travel plans – Gender

Figure 9: Recent political and economic events and its impact on business travel plans – Annual income

Figure 10: Mode of transport used while navigating – Overall

Figure 11: Mode of transport used while navigating – Age

Figure 12: Mode of transport used while navigating – Gender

Figure 13: Mode of transport used while navigating – Annual Income

Figure 14: Factors considered when booking an overnight stay for business – Overall

Figure 15: Factors considered when booking an overnight stay for business – Age

Figure 16: Factors considered when booking an overnight stay for business – Gender

Figure 17: Factors considered when booking an overnight stay for business – Annual income

Figure 18: Mode of tracking expenses when travelling for business – Overall and Age

Figure 19: Mode of tracking expenses when travelling for business – Gender

Figure 20: Mode of tracking expenses when travelling for business – Annual Income

Figure 21: Traveler’s satisfaction level with their current expense tracking process – Overall and Age

Figure 22: Traveler’s satisfaction level with their current expense tracking process – Gender

Figure 23: Traveler’s satisfaction level with their current expense tracking process – Annual income

Figure 24: Frequency on corporate residential stays/retreats – Overall and Age

Figure 25: Frequency on corporate residential stays/retreats – Gender and Annual income

Figure 26: Types of corporate residential stays / retreats travelers usually attend – Overall

Figure 27: Types of corporate residential stays / retreats travelers usually attend – Age, Gender and Annual income

Frequently asked questions

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