business travel
Upward Climb With Uphill Struggles: 2024 Deloitte Corporate Travel Study
Deloitte | July 18, 2024
Amid steady corporate travel growth, companies are challenged to balance a need for more face-to-face client interaction with steep pricing and persistent environmental impact Corporate travel outlook While leisure travelers returned in a big way to airports, hotels, and vacation rentals beginning in the summer of 2021,1 corporate travel has been slower to return post–COVID-19 pandemic. Caution—initially about health, and then about financial costs and environmental impact—led most companies toward gradual returns to the road.2 New structural realities of working life have also curtailed the need to travel, with more home-centered d...
Amadeus and Meeting Professionals International Unveil Six Pivotal Sales & Event Trends Shaping the Industry in 2024
Amadeus | July 16, 2024
• Group travel is set for continued growth with worldwide group revenue up 5% through June 2024 over the same period last year. • Providing value and personalization is crucial in today’s market, driven by the rising demand for unique experiences and an increasing focus on sustainability. July 16, 2024 - A new report from Amadeus and Meeting Professionals International (MPI) integrates global market data with insights from industry specialists to highlight six crucial trends that will shape hospitality over the coming year. The comprehensive guide, Hotel Sales Stars: The Ultimate Strategy Playbook, is designed to assist hoteliers ...
BCD Survey Reveals Gap Between Travel Policy and Traveler Compliance
BCD Travel | July 11, 2024
While over half of travel buyers consider their travel policies very effective, two-thirds of travelers still book outside of the travel policy UTRECHT, The Netherlands, July 11, 2024 – While many business travelers know of and often refer to their company’s travel policy, there’s still a gap between policy awareness and policy compliance, according to a recent BCD Travel survey of 1,200+ business travelers worldwide. The survey looked at changes in travel policies and traveler satisfaction with current regulations. Travel policy awareness In a corresponding April survey of 200+ travel buyers, BCD found that two-thirds of travel...
Marriott International Launches ‘Business Access by Marriott Bonvoy’ To Ease Travel Management Process for Small to Medium-Sized Businesses
Marriott International | July 9, 2024
The Program combines the benefits of the Marriott Bonvoy portfolio with a suite of travel tools to seamlessly book, manage, and expense business travel. Marriott International today announced the launch of Business Access by Marriott Bonvoy™ (“the Program”), a comprehensive online travel booking program designed as a direct channel for small to medium-sized businesses. The Program combines an expanded booking experience with benefits and rewards available only through Marriott Bonvoy’s award-winning travel program and portfolio of brands. Starting today, Business Access by Marriott Bonvoy is available to small to medium-sized busin...
GBTA U.S. Legislative Summit 2024 Brings the Voices of Business Travel to Policymakers to Advance Industry Priorities
GBTA | June 17, 2024
100+ GBTA Members Share Industry’s Economic Impact and Urge Legislators to Support Decarbonizing Air Travel and Improve the U.S. Visa System for Those Who Travel for Work Senator Jacky Rosen (D-NV) and Representative Sam Graves (R-MO) Receive “GBTA Navigator Award” for Championing Business Travel in the U.S. Members and constituents of the Global Business Travel Association (GBTA) converged last week in Washington D.C. for the GBTA U.S. Legislative Summit 2024 where over 100 participants met one-on-one with U.S. Senators, Representatives and their staff to share data-informed insights and advocate for policies that supp...
BCD’s Travel Buyer Survey Reveals Shifting Priorities in Corporate Travel Policies
BCD Travel | June 13, 2024
UTRECHT, The Netherlands, June 13, 2024 – Leading global travel management company BCD Travel’s recent study explores modern corporate travel policies and changes happening due to shifting priorities and trends. The results are based on an online survey from April 2024 of more than 200 travel buyers worldwide. The top three travel program priorities include duty of care, policy compliance and cost control. All three ranked highly in 2023 and have since gained importance. However, the ratings of other priorities went slightly down. Traveler satisfaction dropped in importance as one of the top priorities from 2021 to 2023 to fourth in 2024...
U.S. Business Travel Industry Responsible for Almost 2% of U.S. GDP and 3.5% of Employment in Latest Full-Year Figures
GBTA | June 5, 2024
GBTA’s study reveals for every 1% of growth in business travel, the U.S. economy sees nearly 60,000 jobs, $2.9 billion in paid wages, $1.2 billion in tax revenue and $4.8 billion in new GDP The Global Business Travel Association (GBTA) today unveiled a new study, the “GBTA U.S. Economic Impact Study: Business Travel’s Impact on Jobs and the U.S. Economy,” which quantifies the significant economic impact of traveling for work in the U.S. The report shows the business travel industry provided a major boost to the U.S. economy in 2022*, the latest full year for which a complete set of data is available for analysis. The U.S. was t...
Summer Travel Poll: 61% of Americans Likely To Travel for Leisure
AHLA | May 21, 2024
Inflation remains a significant obstacle to economic growth for the hotel industry WASHINGTON (May 21, 2024) – Sixty-one percent of Americans plan to travel overnight for leisure in the next four months and 34% of Americans expect to increase their overnight leisure travel this summer compared to last year, according to a new survey commissioned by the American Hotel & Lodging Association (AHLA) and conducted by Morning Consult. The poll found that 31% of Americans said they plan to increase their number of hotel stays this summer compared to last summer. Regarding business travel, 35% of Americans said they expect to take an ov...