Key Trends in Business Travel

Business travel is an extremely important part of the travel space today, as even though business travel comprises only a small percentage of total trips compared to leisure and VFR, business travelers have a higher spending power and travel more often, making them a valuable traveler type to attract. After a period of growth of business travel in all aspects, the COVID-19 pandemic has caused, and will potentially continue to cause, business travel to completely slow down. The potential impact of COVID-19 will affect many companies, airlines, hotels, travel intermediaries such as travel management companies, and could be devastating due to the complete lack of travel, and need to travel in 2020 and beyond.

Scope

– GlobalData’s Tourism Insights Report "Key Trends in Business Travel", looks at the key trends & issues within the business travel space, as well as the strengths, weaknesses, opportunities and threats.

– It also offers an insight into key destinations, traveler groups, and into the strategies of the leading companies.

Reasons to buy

– Gain an insight into the key players in the business travel space.

– Look at the impact of the COVID-19 pandemic on this industry

– Gain a detailed understanding of the key trends, issues and chellenges facing business travel

Companies mentioned

Marriott

Hilton

IHG

Shangri-La Hotels and Resorts

Mandarin Oriental

Airbnb

Emirates

Expedia

Booking Holdings

CWT

Table of Contents

Table of Contents

Overview of Business Travel

Business Travel Overview

Key Market Trends in Business Travel

MICE Travel

Key Players

COVID-19 Impact on Business Travel

COVID-19 Impact

What has happened in the business travel sector since COVID-19?

Business Traveler Types

Characteristics of Business Travelers

Health-Conscious Business Traveler

Incentive Travel

Airlines & Hotels

Airlines

Hotels

Key Destinations

Main Business Travel Destinations

Upcoming Business Travel Destination: Dubai

Challenges & Opportunities

Challenges

Opportunities

Appendix

    Pricing

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