Latest CWT Research Shows Mobile Booking Set to Represent 25 Percent of all Online Corporate Bookings by 2017
the digital economy, an investigation into the impact of mobile in the managed travel space. The free-to- download study suggests that mobile bookings are set to climb steeply over the next decade and will influence not only the entire traveler experience but will shift how travel managers control their travel programs, using the latest mobile technology to help support and connect to their travelers.
Both travelers and travel managers expect mobile booking to increase significantly, reaching 25 percent of online transactions by 2017.
In addition, CWT's research predicts that mobilebookings will more than double in the next two years.
CWT research alsoshows that it took up to eight years for online booking tools to reach the same level of activity that mobile is expected to achieve in the next three years. The study highlights the high expectations that both travelers and travel managers have for mobile travel services and their awareness of the advantages and benefits it will bring.
Supporting the idea that traveler experience is key, the study highlights thatneither travelers nor travel managers expect mobile to significantly drive down travel costs; instead ease of doing business, productivity and traveler wellbeing all rank higher as key benefits of mobile. As a result, managed travel apps are becoming more sophisticated, and companies who act now will reap the most benefit, as they steer travelers towards the apps that support the travel program.
The study alsohighlighted that an estimated average of 62 percent of travelers already carry company smartphones and 56 percent of companies surveyed already, or plan to, have a 'Bring your own device' policy. Globally, travel managers also consider the potential impact of mobile on the travel program to be high, rating it 6.8 overall on a scale of 1 to 10.
David Moran, CWT executive vice president, Global Marketing & EnterpriseStrategy, said, "We have been planning for this shift for some time and are getting ready to launch new mobile services, such as mobile booking through CWT To Go later this year. While 80 percent of travelers and travel managers told us they want a one- stop-shop app so they don't have to juggle between best-of-breed consumer apps, there isn't an app on the market today that answers all their needs, and that's what we're excited about – building on CWT To Go to create the corporate travel app that appeals to both travel managers and travelers."
Looking to the Asia Pacificregion, CWT's research shows:
- Travel alerts are very important to travelers, who rank them the third most important mobile service feature after flight status updates and itinerary information.
- Travelers in Asia Pacific, along with those in Latin America, place more importance on mobile booking on-the-go (62 percent consider it important or critical), compared with North America (55 percent) and EMEA (45 percent).
Looking to the EMEA region, CWT's research shows:
- European travel managers and travelers consider well-being, productivity and compliance with travel policy (in that order) the most important aspects of mobile features, in contrast with their colleagues in North America, who emphasize ease of doing business, followed by productivity and well-being.
- Travelers in EMEA consider mobile booking on-the-go less important than their counterparts in Asia-Pacific and Latin America, with 45 percent considering it important or critical, versus 62 percent in the other regions.
CWT's research shows travelers in Latin America, along with those in Asia-Pacific,place more importance on mobile booking on-the-go (62 percent consider it important or critical), compared with North America (55 percent) and EMEA (45 percent).
Looking to North America, CWT's research shows:
- Travel alerts are very important to travelers, who rank them third most important after flight status updates and itinerary information.
- Travelers in North America consider mobile booking on-the-go less important than their counterparts in Asia-Pacific and Latin America, with 55 percent considering it important or critical, versus 62 percent in Asia-Pacific and Latin America.
- While North American travel managers and travelers consider ease of doing business, productivity and well-being (in that order) the most important aspects of mobile features, European travel managers emphasize well-being, followed by productivity and compliance with travel policy.
CWT To Go, CWT's award-winning app, currently counts itinerarymanagement, flight status updates and mobile check-in among its features, with hotel booking through mobile to be added this year.
About CWT Travel Management Institute
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business travel and meetings and events. CWT serves companies, government institutions and non-governmental organizations of all sizes in more than 150 countries and territories. By leveraging both the expertise of its people and leading-edge technology, CWT helps clients derive the greatest value from their travel program in terms of savings, service, security and sustainability. The company is also committed to providing best-in-class service and assistance to travelers. In 2013, sales volume for wholly owned operations and joint ventures totaled US$26.9 billion. As part of its commitment to responsible business, CWT is a signatory of the United Nations Global Compact Ten Principles. For more information about CWT, please visit our global website at www.carlsonwagonlit.com. Follow us on Twitter @CarlsonWagonlit.
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