Sabre explains the factors behind the growth of business travel market in 2014

Published on : Saturday, December 14, 2013

business-tourismWhat is the future of business travelling in 2014? Sabre released theBusiness Travel Trends 2014, a report depicting the latest travel trends that will determine the rise of business travelling in the forthcoming year.

 

 

 

 

According to the report, the global factors that will determine the world business travel outlook are:

 

Country specific focus: Brazil, China and India

 

(*) Brazil is the hot seat with over $30 billion in travel spend in 2013

(*) Brazil will drive growth at twice the world average

(*) World Cup in 2014 and Olympics in 2016

(*) China to overtake the U.S. in total business travel spend in 2014

 

 

World Factors:

(*) Relaxed Visa Programs in many countries

(*) Russia working hard to ensure visa free travel to the EU

(*) Visa reform in the U.S. to bring more visitors

 

 

Economic Factors:

(*) Mondays tend to be the most expensive day for air, hotel and car bookings travel

(*) For budget travelling, Sabre suggests to avoid Mondays and Fridays

(*) For cars, cheapest day is Saturday and for Hotels, it is on Tuesdays

 

 

 

 

The future of Travel technology will be determined by the advent of Smart phones, smart apps, social media, expense management, online bookings, WiFi and innovative technologies in airlines, hotels and conference halls.

 

 

The future of the Airline industry will be dependent on the factors like:

 

(*) Ancillary fees

(*) Airline fees for changing flights was ranked top ancillary fee

(*) Low cost carriers (LCCs), primarily Latin America and Asia/Pacific

(*) Consolidation like the AA/US merger

(*) Continued outsourcing of Airport staff

 

 

 

However, the future of Airline industry for the business travellers is still unsteady due to these major issues:

 

(*) Delayed flights

(*) Limited seat availability

(*) Ease of passing through security

(*) Earning loyalty points

(*) Missed connection flights

 

 

 

 

Moreover, the car service industry is also seeing a changing trend, the points envisaged by Sabre with the subheading of “Future of Cars” comprises of:

 

(*) Silver-car

(*) Included navigation

(*) In Car WiFi

(*) Satellite Radio

(*) No Cost Tolls Tracking

(*) No Up-charge for gas refills

(*) Pick up car

(*) Consolidation of Car rental companies

(*) Car sharing

 

The hospitality industry is reaping high dividends from the business travel industry of the world. The recent trends and habits of the corporate travellers enabled Sabre to furbish the following points that will rule the future of hotels:

 

(*) Ancillary fees

(*) Resort fees

(*) WiFi fees

(*) Parking fees

(*) Enhanced technology

(*) Smart phone check in

(*) Front desks being replaced by kiosks with avatars

 

 

 

 

Last but not the least, the recent development in the railways of China have augmented the business travelling outlook of China. The major developments include:

 

(*) Rail corridors will become faster and more efficient

(*) Travellers continue to get fed up with airport lines and security

(*) China launched high-speed rail routes between major business hubs –

Beijing – Shenzhen (10 Hours, formerly 23 Hours)

Beijing – Shanghai (5 Hours)

Beijing – Nanjing (4 Hours)

 

 

 

Source: Sabre.

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