Hoteliers Adapt to New Business Traveler Behaviors
Business travel in the U.S. might not be rebounding at the pace the industry had hoped for, but it is coming back, and with some noticeable changes.
Business travel in the U.S. might not be rebounding at the pace the industry had hoped for, but it is coming back, and with some noticeable changes.
Sylvia Burbery is delighted that she no longer spends most of her life travelling for work.
Hoteliers in the U.S. had been pinning their hopes on business travel picking up after Labor Day, but those projections are dimming as COVID-19 cases increase nationally.
American Express Global Business Travel and meetings management and transient sourcing provider Cvent have partnered to create and launch a set of 47 hotel sourcing questions focused on sustainability, diversity, equity and inclusion, the companies told BTN.
Business travel as we’ve known it is a thing of the past. From Pfizer Inc., Michelin and LG Electronics Inc. to HSBC Holdings Plc, Hershey Co., Invesco Ltd. and Deutsche Bank AG, businesses around the world are signaling that innovative new communications tools are making many pre-pandemic-era trips history.
Coming out of the pandemic and even before, there’s been an unmistakable trend toward disruption and rewriting the rules of engagement in the accommodations space.
While U.S. hotels generally have benefited from leisure demand over the summer, hoteliers are watching future bookings for growth in corporate and group demand.
As travel returns, you might start feeling some airfare sticker shock. It’s not necessarily because more people are vacationing again, though they certainly are. It’s more likely because fewer people are doing trips for business. And when business travelers don’t travel, leisure travel can get more expensive. It may seem counterintuitive, but these premium-paying travelers generally help subsidize leisure travel.
The improved performance of hotels in 2021 is by now well established. American consumers, many of them vaccinated and, as a group flush with over $2.5 trillion in additional savings, have flocked to beaches and leisure destinations.
As the U.S. hotel industry continues on its path to a recovery, critical questions remain for hoteliers.
There are still so many unknowns about the recovery roadmap for corporate travel. COVID variants, vaccination debates, mask mandates and continued unease leave a cloud of uncertainty lingering for companies and individuals around the world.
Housekeeping models are shifting as the industry progresses through the COVID-19 pandemic, and operators are met with balancing guest preferences with the current labor market.
Housekeeping models are shifting as the industry progresses through the COVID-19 pandemic, and operators are met with balancing guest preferences with the current labor market.
Corporate travel managers projected virtual meetings to replace 27 percent on average of 2022 travel volume, according to a new Morgan Stanley survey. On average, travel manager respondents projected 44 percent and 19 percent of their travel volume to shift to virtual meetings in 2021 and 2023, respectively.
The summer leisure season, as predicted, has been bountiful for beach and resort destinations, as travel demand pent up by the pandemic is unleashed in the U.S.
The return of business travel has been debated ad nauseum, but there is agreement on this: changes in corporate programs, mandates and approvals will either slow - or accelerate - travel's return.
The number of travel managers who consider their organizations'' employees willing to travel for business appears to have plateaued since May, according to a new survey by the Global Business Travel Association. Suppliers' optimism about a business travel recovery also appears to have leveled off, according to the survey, even as month-over-month travel volumes increase.
While the industry awaits the return of corporate and international travel, which is expected to return in the fall, hotel general managers see a growing transient business and signs of a recovery.
Travel management company (TMC) Egencia Travel’s game-changing new tool, which enables business travelers to compare rail alternatives to flights before purchase, will meet the modern-day demands of corporate travel programs, says GlobalData, a leading data and analytics company.
Americans are increasingly looking to take more, but shorter, vacations this summer, according to travel insurance company Allianz Partners.