business travel
The Return of Business Travel, and the Rise of the Flexcation
Haley White | January 6, 2023
By Haley White Business travel begins its comeback in 2022 According to the U.S. Travel Association Q3 Business Travel Tracker, which surveyed business travelers and corporate executives in September of 2022, business travel has almost caught up to pre-pandemic levels. Most respondents plan to travel for business in the next 6 months, taking on average 1.8 trips per month, compared to 1.9 pre-pandemic. Expedia Group’s first-party data also showed increasing business travel in Q3 of 2022, as there was a 10% uplift in demand from travelers with a business profile. This return of business travel was particularly impactful for big ci...
The Work-From-Anywhere Trend Is Changing 2023 Travel Patterns
Daniel Craig | January 3, 2023
By Daniel Craig Here we are at the start of 2023, and it’s almost time again for ITB Berlin. It’s a long way to travel from Vancouver for me, so I usually make a larger trip out of it, visiting clients in cities across Europe. But this year I can’t help but wonder, will there be any clients to visit? With so many people working remotely these days, many offices are running on skeletal staff or have shut down completely. Enabled by technology and precipitated by the pandemic, the remote-working trend is one of the biggest shifts in business demographics we’ve seen in decades. And the hotel industry has yet to see the full i...
As Business Travel Advances, Consumers Indicate Combination Trips Will Lead Further Gains
STR | December 8, 2022
Nearly two years have passed since STR published its first business travel recovery blog under the headline, “Waiting for Business Travel to Return.” Now 11 months into 2022, the wait for that return has been over for some time although further gains are needed to reach pre-pandemic levels. According to consumers, those gains are on the way with combination business/leisure trips representing the biggest increase. The current state A key barometer of business travel, weekday hotel occupancy (Monday-Wednesday) has improved in the post-summer months with September and October producing levels just four percent below the 201...
Global Industry Leaders Express Optimism for the Future of Travel & Events as Group Business Shows Steady Growth
Amadeus | November 8, 2022
Amadeus, along with Meeting Professionals International and Salesforce, unveil the state of meetings & events through perspectives of global industry experts. Group business is set for a strong corporate and conference season in Q4 2022. Group bookings are now starting to extend more confidently into 2023 with 48 million room nights already committed globally for H1 2023, a 16% increase over the same time in 2022, according to Amadeus’ business intelligence data. Forward-looking insights from global industry leaders echo overall optimistic outlook. As hoteliers evaluate their group business opportunities, a new meetings an...
Demand or Decline: Business Travel Contracting in Uncertain Times
Vindow | November 2, 2022
By Andrea Coronel In the hospitality industry, we are seeing divergent opinions from experts on what the future holds for business travel. Some projections offer great news, both about the current state of the industry and what the coming years will hold: According to Knowland’s Q3 U.S. and Top 25 Markets Meetings Recovery Forecast (October 12, 2022), “Q3 performance pushes head of the previous forecast and positions 2023 to be a year of growth for hospitality meetings and events… Since the forecast in July, the outlook for the U.S. has been raised from 72.6 percent recovery by the end of 2022 to 73.1 percent recovery… Meeting l...
U.S. Travel: Meals and Entertainment Tax Bill Will Boost Small Businesses, Travel Workers
U.S. Travel Association | October 26, 2022
U.S. Travel Association Executive Vice President of Public Affairs and Policy Tori Emerson Barnes issued the following statement on the introduction of the Service Worker Economic Stabilization Act, introduced by Congressmen Darin LaHood (R-IL) and Jimmy Panetta (D-CA): “This critical bill helps put business travel spending and in-person meetings on a level playing field with other legitimate business expenses while supporting small business owners and workers in America’s restaurants, theaters, arts and entertainment venues. “Business travel spending is not expected to fully recover until 2027, and this bill will help bridge th...
Can We Close the Gap Between Business Travelers and Their Corporate Travel Programs?
GBTA | October 19, 2022
New report from GBTA and Deem examines the balance between employee travel satisfaction and corporate cost and policy objectives and the role innovation can play As business travel continues its steady return and recovery around the world, what does the landscape look like now for both companies and their employee travelers? A new research report – “The Dawn of the Employee-Centric Travel Program” – released today by the Global Business Travel Association (GBTA), the world’s largest business travel association, and Deem, a leading mobile-first corporate travel management software provider, explores the current state and role...
Düsseldorf’s Hotels See Corporate Demand Start to Grow, Says HVS
HVS | October 17, 2022
17 October 2022, London: Hotels in Düsseldorf, the world’s top destination for trade fairs and business conventions, have seen a market bounce in the second half of 2022 in line with the Germany’s economic growth and the slow return of international and business demand. The city, which has experienced consistent growth in tourism over the past decade, traditionally benefits from strong corporate and MICE demand with some 1.6 million visitors a year at its peak. However, the city’s MICE business was badly hit by the covid pandemic with visitation to Messe Düsseldorf, its main exhibition space, dropping 65% in 2020 and a further 45%...
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