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Corporate Travel: market research reports
The corporate travel industry is made up of travel services geared toward those traveling for business purposes. Such travel services may include transportation (such as airlines, automobiles, boats, trains, etc.), hotel/motel lodgings, as well as stipends for any food and beverage needs. Many businesses have separate accounts specifically for corporate travel necessities. The majority of corporate travel remains male-dominated, and most of the corporate travel that takes place is domestic rather than overseas. For those that engage in corporate travel internationally, extending the stay for leisure purposes after business has been completed, or having family or friend accompany them, is becoming commonplace.
Large companies that employ frequent travelers, or road warriors, will often have their own corporate travel departments. Many companies will contract with travel agencies that have corporate travel specialists.
Car travel continues to be the most predominant form of transportation for business travel, but airplanes are also typical. Most corporate travelers that use airlines as transportation fly in standard or economy class, though a small amount are able to travel in business or first class – types of air travel accommodations are dependent upon a company’s travel account budget, and at times the amount of air miles accrued by the passenger. Most of the corporate travel that takes place in modern times is booked via online services. Corporations have found this avenue of reserving airfares and accommodations through these services creates more efficiency for their companies.
Demand is this industry is reliant upon business spending accounts, which are dependent upon the profitability of various companies, which is driven by the overall state of the economy.
Corporate Travel market research reports and industry analysis
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Business Travel (UK) - Industry Report
3/18/2013 | published by: Plimsoll Publishing Ltd.
... LTD and DEEHURST LTD. This report covers activities such as corporate travel, business travel, business travel management, flights, travel and includes a wealth of information on the financial trends over the past four years. Plimsoll ...
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Global Business Travelers’ Airport Retail Trends, 2012–2013
10/13/2012 | published by: Canadean Ltd
... this report not only provides a comprehensive overview of business travelers visits and time spent at airport retail stores in 2012, but also showcases average expenditure. Additionally, it identifies average expenditure on food and beverages. ...
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2011 Financial Benchmarking Report
7/18/2012 | published by: ASTA
... not yet complete based on the survey data. To survive the downturn, many agencies decreased costs by reducing their greatest overhead expense, employees. In 2010, agencies began hiring again and increased their employment of full ...
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