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Changing Trends in Business Travel Booking in 2016–2017

Changing Trends in Business Travel Booking in 2016–2017

Summary
The majority of travel and tourism executives have no preferred travel provider. Comfortable seating, free baggage check, and free Wi-Fi access on flights are most likely to influence travelers when choosing one airline over another. The majority of travelers favor car rental companies that offer car drop-off and pick-up services. Moreover, 24-hour on-road and in-car assistance service, and GPS navigation services are other key factors likely to influence the selection of a car rental company. The highest percentage of travelers intend to spend fewer than two days on leisure when extending a business trip. However, executives’ premium travel plans largely affected by global economic uncertainty and rising expenses. Volatility in the global economic environment has forced travelers to adopt a more cautious approach towards travel expenditure, as focus shifts towards cost containment.

Key Findings
The majority of executives have no preferred travel provider

Pricing, well-known brands, and availability of deals and packages are decisive for airline bookings

The highest percentage of executives favor car rental companies that offer car drop-off and pick-up services

Most senior executives consider travel meta-search options crucial for business travel plans Rising expenses and global economic uncertainty influences cuts in premium travel

Synopsis
Canadean’s changing trends in business travel booking in 2016–2017 survey examines factors influencing airline and hotel bookings, and examines executives’ responses when a business trip is extended to a leisure trip. It also provides information about key parameters influencing airline and car rental company choices, and assesses the significance of travel meta-search options for business travelers.

What else does this report offer?

Key factors for airline selection: the report examines reasons, other than lower ticket prices, that are most likely to influence business travelers to opt for one airline over another

Vital parameters affecting car rental company choices: the report identifies key factors, other than lower rental costs, that are most likely to make business travelers choose one car rental company over another

Significance of travel meta-search options: the report assesses the importance of travel meta-search options for creating business travel plans, and identifies popular travel meta-search websites used by business travelers in the last six months

Factors influencing hotel booking decisions: the report identifies key factors that are decisive for hotel bookings

Companies' approach to business travel booking: the report examines how companies manage business travel bookings

Reasons affecting cutbacks in premium travel plans: the report identifies key reasons for cutbacks in premium travel plans

Staying preferences during extension of business trips: the report examines the staying patterns of executive when a business trip is extended to a leisure trip

Cutback expectations for group incentive travel programs: the report assesses executives' viewpoints about cutbacks in group incentive travel programs

Reasons To Buy
The report highlights companies' approaches to business travel bookings, enabling travel operators to restructure their business travel plans

The report enables readers to make strategic decisions by understanding the relevance of travel meta-search options, and identifying popular travel meta-search websites used by business travelers

The report examines key factors influencing executives' airline and hotel-booking decisions. This will help companies to improve customer service and implement development strategies

The report provides cutback expectations about group incentive travel programs, which are likely to influence growth prospects

The report highlights staying preferences during extensions of business trips to leisure trips, along with the number of extra days spent for leisure purposes. This will help to gauge consumer behavior


Introduction
Report Scope
Country Context
Macroeconomic indicators – GDP Per Capita, Population, Consumer Price Index and Age Profile
Market Overview
Value and volume analysis for the Indian Wine market
Impact of exchange rate fluctuations on the Indian Wine market
Volume analysis by category
Market value and growth rates, by category
Historic and forecast value analysis by category
Winners and losers by categories with change in market share
Segment share in a category (value terms) and change in market share
Average category level pricing
Key Distribution Channels
Leading distribution channels (volume terms) in the Indian Wine market
Leading distribution channels (volume terms) by category
Competitive Landscape
Market share of leading brands (in volume terms) by category
Packaging
Wine market by type of packaging material/container (in volume terms)
Wine market by type of packaging closure/outer (in volume terms)
Wine market by type of packaging, forecast(in volume terms)
Consumer trend analysis
Canadean’s consumer trend framework and explanation of the sub-trends
For key trends in the Indian Wine market:
How the trend is influencing consumption in the Indian Wine market
How to target the trend in the Indian Wine market
How the trend will evolve in the Indian Wine market
Key target demographic and the rate at which the trend will evolve
What are the key drivers that will influence growth of Wine market in the future
Innovation examples
New products launched in the Indian Wine market
Appendix
Country context
Category value and volume data
Sector Overview
Segment data
Packaging data
Category definitions
Segment definitions
Channel definitions
Explanation of sub-trends
Methodology
About Canadean
List of Tables
Table 1: Market value analysis in INR and US$, 2010-2020
Table 2: Market volume growth analysis, 2010-2020
Table 3: Exchange rate fluctuations: US$ to INR
Table 4: Market volume growth, by category, 2015-2020
Table 5: Segment level analysis by category, 2015
Table 6: Average price per litre comparison by categories
Table 7: Leading brands by category, 2015
List of Figures
Figure 1: Macro economic analysis: GDP per capita, Population, CPI (2010-2015), Age Profile (2015)
Figure 2: Market volume analysis, 2010-2020
Figure 3: Market volume share analysis by category, 2015
Figure 4: Market value growth analysis by category, 2010-2020
Figure 5: Historic and forecast value analysis by category, 2010-2020
Figure 6: Change in market share by category, 2015-2020
Figure 7: Leading distribution channels, overall Wine & Spirits, 2012-2015
Figure 8: Leading distribution channels, overall Wine market, 2015
Figure 9: Leading distribution channels by category, 2015
Figure 10: Brand share analysis by category (by volume), 2015
Figure 11: Packaging analysis – key packaging material, container, closure and outer type, 2015
Figure 12: Growth in key packaging material, container, closure and outer type, 2015-2020

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