The Evolution of Business Travel Accommodation
Published 3 hours ago
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Business travel accommodation is undergoing drastic changes as the sector moves into a new era focused more on travellers’ well-being and health. Following a year of uncertainty, restricted people movement and the wide adoption of remote working, perspectives of what makes a business trip worthwhile has adapted. Corporate travel managers now need to consider leisure time for the traveller while keeping budgets affordable, with flexible booking policies and wider choices of locations, including beyond traditional commuter cities.
As the world begins to return to normal, one of the biggest shifts we’re seeing is the significant reduction in budget spend of traditional customers. Where large corporates once had an almost unlimited budget, these have more recently become similar to that of an SME. The Global Business Travel Association (January 2021) reported that 90% of travel managers and procurement professionals said they think their companies will spend less on travel in 2021 vs 2019, with an average budget decline of 52%