According to a new survey from luxury bedmaker DUX, only about one-third (34%) of Americans say they sleep better in a hotel room. The survey was conducted online by The Harris Poll for DUX from June 18–20, 2019, among 2,060 U.S. adults.
Tag: business travel
U.S. business travel ended 2014 on a high note, with record spending reaching $292.2 billion. The projection for 2015 also remains strong. Overall, U.S. business travel spending is expected to advance 6.2% to $310.2 billion in 2015, while total person-trip volume is expected to increase 1.7% to 490.4 million trips for the year.
Direct travel spending in the United States totaled $855 billion in 2012, generating $2 trillion in economic output and more than $129 billion in tax revenue. While “travel” frequently connotes tourism, business travel accounts for nearly a third of all travel spending, according to a new survey. U.S. business travel is responsible for $246 billion in spending and 2.3 million American jobs.
The business travel forecast for 2013 is expected to be more positive than the forecast for 2012. According to a new report from the Global Business Travel Association (GBTA), U.S. business travel spending is expected to rise 4.6% in 2013 to $266.7 billion. The key factors in 2013 business travel spending growth are projected to be increased international outbound travel spending and increased group travel spending.
As the business travel market picks up in 2012, service operators in this industry need to review what they are offering and how to appeal to prospective clients. New research shows that business travelers are increasingly comprised of a wide range of demographic groups. As a result, hotels and airlines must broaden the scope of their marketing.
Business travel will maintain its upward trajectory in 2012, but a stagnant U.S. economy is driving increasing corporate uncertainty and leading to projections of slower U.S. business travel spending growth next year, according to a new research from the Global Business Travel Association (GBTA). GBTA forecasts a 4.3% growth in business travel spending for 2012 (or $260.9 billion).
Earlier this year, several research shops predicted the return of business travel. The corporate travel budget may be back but expenditures are still carefully watched. To eke out as much profit as possible, hotels are now being encouraged to target women travelers. This group exhibits different travel patterns and looks for different features when compared to male business travelers.
Earlier this week I blogged about how more B2B operators are using virtual conferences to expand their audiences and reduce costs. However, there are times when nothing substitutes for a face to face meeting. And as the recession fades, more businesses are putting their employees on the road. At the same time, they expect efficiency and cost management when planning for corporate travel.
During the recession, marketers were advised against cutting their advertising budgets because doing so would result in further loss of business. Could marketers also be facing a loss of business because they’ve been cutting travel budgets? New research from American Express Global Business Travel and the GBTA Foundation (Global Business Travel Association) suggests that businesses should reconsider the link between their travel budgets and revenue growth. The findings of this research should also prompt travel marketers to target businesses.
Business travelers are expected to begin booking flights, hotels and rental cars as the economy grows in 2011. After 2 years of a tight travel market, businesses are likely to approve more travel expenditures. But profitability concerns will also keep the travel department at many businesses looking for ways to keep budgets in check. Marketers who position themselves as corporate friendly and promoting their willingness to negotiate rates may win more market share.
American Express Business Travel recently released data from the 2010 third quarter Business Travel Monitor (BTM) North America, showing price increases are holding steady as business travel continues to rebound. With airlines exerting greater control over prices, business travelers have seen a third quarter year-over-year increase of six percent in average North American domestic airfare paid and a third quarter year-over-year increase of eight percent in average international airfare paid. Hotel rates are also rebounding, though at a slower pace than airlines. "As such, companies need to evaluate the competitiveness of their rates across their top markets and identify opportunities during this negotiation season to avoid likely expected rate increases across the board in all tiers of properties,” said Christa Degnan Manning, director, eXpert insights research, Global Advisory Services, American Express Business Travel.
According to a new survey from Deloitte, business travelers are anticipating an increase in corporate travel for 2011 — a welcomed boost in customer demand for the hospitality and travel sectors. The Deloitte survey found that the overall hotel experience is important to a majority of business travelers. Roughly two-thirds of respondents said they often work in their room (68%) and they also expect a lot more from a hotel than just a clean room and comfortable bed (65%). Further, almost four out of five respondents felt that high-speed Internet (79%) and free parking (77%) were important amenities to them when staying at a hotel for business. "The tipping point for hotels to differentiate their brand offering and strengthen loyalty among the post-recessionary business traveler will be providing additional complementary services and amenities tailored to their guests' specific needs," said Adam Weissenberg, vice chairman and tourism, hospitality and leisure sector leader, Deloitte LLP.