Total $0.00


Are European companies too conservative when it comes to planning their spending on business trips? Each year we tend to see the same phenomenon: the company plans to reduce the amount of travel undertaken by its employees in order to save money. And yet, they end up doing just the opposite. The figures from the American Express Business Travel Barometer prove it: in 2015, European companies’ travel expenditure saw an increase of 1.4%, when a year earlier it had been forecast at +0.7: spending increased twice as much as predicted!

And in 2016, companies foresee an increase of 1%, however, all the economic indicators point towards a change of +2%. Oh the joys of prudence. And this increase in travel is even more noticeable given that prices fell by 1% over this period in Europe and the Middle East. We spend more, prices fall, so volumes increase even more: it makes sense.

Travelling is good for your company

How can we explain these excellent figures? The answer is simple: the growth of business travel reflects the recovery of the economy and the consequent increase in international development projects.  This same travel barometer reveals that 50% of companies surveyed were planning to expand their activities by developing internationally in the next three years, compared with 38% in 2014. Here we have some real optimism at work! More good news follows: 33% of companies who responded (up from 18% in 2014) wished to increase their business travel budget over the next three years. All of these elements reflect a profound shift in mentality, one which can be illustrated with a key statistic: 24% of companies see business travel as an investment (and not just an added cost). This is an increase of 7% since 2014, when only 17% of companies thought of travel as an essential element within their business activity.

If we examine travel expenses in more detail, we find that air travel is the highest costing element (42%), followed by hotel costs (26%), train travel (11%), car hire (8%) and food (6%). Although hotel stays were not the most expensive element, 59% of companies surveyed declared that hotel costs should be “closely monitored”.

According to this same study, two key methods were identified to help with these costs: booking trips earlier and taking advantage of online booking tools. This is why more and more of the major players in the hotel business are investing massively in digital services in order to offer travellers simple, turnkey solutions. Much like Accor and its mobile app.

And if you find yourself with some free time between business trips, why not help your company by pondering the question that 21% of European organisations are asking themselves: how can the return on investment of business trips be measured? If you have the answer, there are plenty of people who will be interested to hear it.

About AccorHotels

AccorHotels is a Group united by a shared passion for hospitality and driven by a shared promise to make everyone Feel Welcome.

Over 180,000 women and men in nearly 3,800 AccorHotels establishments look after thousands of guests every day in 92 countries.

Contact: Delphine Dumonceau / +33 (0)1 45 38 84 95

Related News

Accor Appoints Heather McCrory as Chief Executive Officer, North & Central America

Accor Brings Its Iconic Raffles Brand to India With Two New Hotels

Accor Welcomes 21c Museum Hotels into MGallery Hotel Collection

Simon Antoine Returns to Accor as General Manager of Sofitel New York

21c Museum Hotels Selected as Brand and Management of Restored Historic YMCA Building in Downtown St. Louis

sbe and Accor Launch New Luxury Global Lifestyle Hotel Brand – The House Of Originals

Accor Launches a New Lifestyle Brand - TRIBE

Accor Expands in the Americas With Planned 2021 Opening of SO/ Los Cabos Hotel & Residences

Aramark Completes Purchase of Avendra for $1,350 Million

Accor: What Will be the Hotel Room of the Future?

AccorHotels Enters Strategic JV Partnership with Rixos Hotels with Focus on Global Development in the Luxury Resort Segment

BHG and AccorHotels Form Partnership for Accor to Manage 26 Hotels in Brazil

Nominee for “2016 Hospitality Leader of the Year”

AccorHotels Appoints Thibault Viort as Chief Disruption and Growth Officer

AccorHotels Partners with Hasabi Real Estate to Operate 700-Room Mixed-Use Development In Dubai's Garhoud Area

AccorHotels Partners with TrustYou to Power Its Voice of the Guest Program

TrustYou Study with AccorHotels Shows Effect of TripAdvisor Reviews on Bookings

Daniel Schlaipfer, Executive Chef for Sofitel Lisbon Liberdade: “Cooking is like haute-couture”

AccorHotels Names Sophie Stabile as Chief Executive Officer HotelServices France

AccorHotels' Appointments within HotelServices in North, Central and South America

All News »

Please login or register to post a comment.