As global events have shown in recent years, business travelers need to be prepared for the unexpected no matter where they go.
1 week ago
One-in-four of Travel Leaders Group's business travel agents say their sales numbers are worse than last year. You have to worry about the sector's health going into 2017, given its quantifiable decline compared to previous years.
Global conditions remain solid for global business travel next year. Hotels are cheap, and airfares are slated for a minor increase. Increased air travel options in China are making it easier for business travelers in North America to visit Asia's strongest economic power.
2 weeks ago
It's no surprise that business travelers hate waiting in security lines more than any other aspect of the travel experience. But the importance of booking choice to millennials and booking flexibility for Gen Xers shows how consumer booking tools have shifted how workers think about business travel.
The outlook for travel in the U.S. is somewhat cloudy. Low gas prices are bolstering domestic travel, even if its growth rate is creeping downward. The high value of the U.S. dollar and other factors like the upcoming presidential election, however, are suppressing international inbound travel.
3 weeks ago
The threat of the Zika virus doesn't appear to be cutting into business travel — but it is prompting conversations, and those can be tricky to manage. Companies should communicate risks with all of their travelers and allow them to opt out, especially as areas of active transmission spread.
4 weeks ago
Travelers and their travel managers don't always agree on the most important preferences when flying. But most travel managers, for some reason, don't use formal tools to receive traveler feedback. Perhaps the gaps could be narrowed with more engagement between travel managers and travelers.
There's a certain convergence under way between hostels and hotels as both often seek to attract Millennials as well as business travelers. Business travelers often see hostels as an optimum choice when hotels are booked up but many road warriors express satisfaction with the experience.
1 month ago
There are innumerable factors that impact the health of the travel industry but the latest U.S. government numbers on retail spending lead to the conclusion that consumer spending habits are changing. There is a shift in emphasis from purchasing consumer goods toward buying services such as travel. That's a classic tailwind and a very healthy trend indeed for the gamut of leisure-travel businesses.
As companies become more cautious about business travel spending, the corporate travel ecosystem will begin to feel the pressure.
2 months ago
Cautious growth has been the forecast for a while now, and we're already seeing the impact on travel companies. We're curious if the rest of the year will bring more of the same.
With the Brexit vote just behind us and U.S. elections looming, some form of stability — eventually — will be a welcome change of pace for companies that cater to corporate travelers.
