Changing Trends in Business Travel Booking Market Covered in Recent Study
Albany, US, 2017-Dec-07 — /EPR Network/ — To understand the Business Travel Booking Industry Status worldwide, Market Research Hub (MRH) has included the latest Forecast report titled “Business Travel Booking Market Report 2017” to its vast database. This report is a professional and in-depth analysis on the present state and future prospect for the global market. It provides valuable information to the industry insiders, potential entrants or investors. It includes an exhaustive enquiry with the reliability of logic and the comprehensiveness of contents.
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“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
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Table of Content:
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
Travelers 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
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: Travelers satisfaction level with their current expense tracking process – Overall and Age
Figure 22: Travelers satisfaction level with their current expense tracking process – Gender
Figure 23: Travelers 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
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