Business Travel News
Embassy Suites Expands Footprint in Latin America
Embassy Suites Hotels announced the opening of its second location in Venezuela, the Embassy Suites by Hilton Valencia-Downtown.
Back in business
Business travel has been the hardest hit sector of the industry. But what are the most likely patterns to emerge over the next 12 months?
Business travel recovery will be slow, poll reveals
Three-quarters of business travellers expect to travel the same or less this year, according to a survey released at the Business Travel & Meetings Show yesterday (February 9). The survey of 317 business travellers worldwide found that 51% predict their travel will be unchanged in 2010, with 21% expecting to make fewer trips.
Business travel to pick up this year
More than 90% of business travellers expect to travel the same or more for business this year, according to a new survey. The survey of 2,400 frequent travellers is up almost 20% on last year’s figures – pointing to a pick up in the economy this year.
Mobile Phone Trends of Business Travellers
The UK is home to one of the most vibrant and competitive mobile phone markets in the world. UK users send more text messages per capita than anywhere else and there are more than 70 million mobiles in active use for a population of just 61 million, meaning that many people have more than one mobile at their disposal.
US airline shares fall on biz travel fears
U.S. airlines have reported falling revenues Q3 this week, expressing little confidence in a sustainable turnaround, especially for business travel, and their shares have taken a corresponding dive.
Business travel still suffering from economic crisis
Dark clouds still hang over the business travel sector – latest VDR survey reports an increase in video conferences – ITB Berlin with a new Mobile Travel Services section
Corporates keen to hit the road again: FCm survey
A recent industry survey shows that during the next 12 months the majority of companies intend to increase or consolidate their spend on corporate travel.
Eurostar sales show signs of recovery
Eurostar has announced its Q3 2009 results which report a recovery in sales and “some signs of an upturn in business travel”. Sale and revenues for the year to date are down slightly and the business travel environment remains “challenging” but overall sales revenue in Q3 2009 is up 6.8% on the same period last year.
Business travel to pick up in a year
The business travel sector will pick up towards the end of 2010, the head of the world’s largest business travel association has predicted. Kevin Maguire, chairman of the National Business Travel Association said “the end of 2010/ Q1 2011”, was the earliest travel management companies could expect to see a return to growth. However, the effects of the global recession have led to a paradigm shift in the way we travel – and will not return to the way it was.
Studies show clear benefits of business travel
Two important travel industry studies have shown that deep cuts in travel can harm a company’s bottom line. Oxford Economics, in a study released this week found that each dollar spent on travel by a U.S. company can expect an average profit boost of $3.80. Meanwhile, a study from IHS Global Insight estimates that U.S. companies could miss out on $193 billion in profit for 2009 because they cut too deeply into business travel.
Extensity Ships Next Generation Business Travel Solution
Extensity, Inc. today announced Extensity? Business Travel Application, a next generation business travel management system that improves processes and delivers dramatic savings by cutting costs. The company is also announcing Extensity Travel Plans, a Web-based enterprise application that automates the travel planning and approval process, and Extensity Expense Reports 3.0, a major upgrade adding full Euro support, a new system administration tool and an enhanced GUI. Close integration between Extensity Travel Plans and Extensity Expense Reports, combined with partnerships with leading travel booking providers, make up Extensity Business Travel Application. The Extensity Express? Guaranteed Implementation Plan guarantees complete implementation for either product within 90 days; customers implementing both Extensity Travel Plans and Extensity Expense Reports are guaranteed complete implementation within 120 days.