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Today’s business travel landscape, according to Egencia

June 29, 2012 | Hotel Marketing

Expedia's business travel arm Egencia recently surveyed over 300 travel buyers across 50 global markets to find out about the latest trends in business travel. Here's what they learned.

Egencia, an Expedia, Inc. company, today unveiled its 2012 Global Corporate Travel Benchmarking Study and Travel Manager Research.

The study evaluates the current business travel landscape and supply environment for air, hotel and car inventory.

Focusing on top domestic and international business destinations in North America, Europe and Asia-Pacific, Egencia analyzed industry trends, supplier data and capacity implications in Q1 2012. Additionally, Egencia surveyed over 300 travel buyers globally identifying current trends and challenges.

"We want to ensure our customers have the right tools to optimize their business travel programs and policies in today's challenging environment," said Rob Greyber, President, Egencia. "This study provides businesses with key insight into air, hotel and car rental pricing in today's market, with tips on how to navigate through constantly evolving business travel challenges."

The study reveals that average ticket prices (ATPs) for air travel have, on average, increased in North America, Asia Pacific and Europe in the last year, attributed to rising jet fuel prices being passed onto travelers and tightly managed capacity discipline by airlines. Average daily rates (ADRs) for hotel stays have also increased in the majority of business destinations, continuing a reversal of previous trends. Improved occupancy and a decreasing amount of new hotel supply coming into the market has led to slightly higher room prices (approximately 6% in North America, 3.3% in Europe, and 5.7% in the Asia-Pacific region).

"The pricing landscape has made a noticeable – although less pronounced – shift from this time last year," said Chris Vukelich, Vice President, Supplier Relations, Egencia Americas. "We continue to see a return in demand for hotels alongside air. Even though ATPs and ADRs have increased, opportunities for savings can still be found. In addition to the opportune car pricing landscape, travel managers should look to their travel management companies to identify additional savings opportunities in hotel."

Get the full report at Egencia

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