The Future of Corporate Travel Is Slow Growth
Photo Credit: Travelers checking in at San Francisco International Airport. Flickr / Thomas Hawk
Skift Take
As business travel grows slowly in the U.S., travel management companies with more robust digital tools will be able to capture more bookings.
A new research report and the latest update to the U.S. Travel Association's Leading Travel Index show that corporate and managed travel in the U.S. is in what amounts to a slump.
Phocuswright's recent "U.S. Corporate Travel: Market Sizing and Trends report" shows what most have already suspected: While increasing in size, the corporate travel market is growing at a slower pace than the leisure market.
"We did see a nice recovery in the market, but we dont see it coming back as fast as leisure," said Lorraine Sileo, Phocuswright's senior vice president of research. "Companies are being a little more conservati
