Business travel bookings are higher than or on par with last year’s totals, according to data from the 2015 Fall Travel Trends Survey by Travel Leaders Group.
Among other findings, the survey found that more than two-thirds of its 392 participating corporate travel specialists indicated over 10 percent of their clients are flying First or Business Class – up over last year. The sharing economy is also playing an emerging role in business travel with more than 44.4 percent of respondents indicating they have clients who use alternative suppliers for accommodations; 66.2 percent said clients use alternative suppliers for ground transportation.
"While we have seen some volatility in the economy since our survey was completed last month, in general our corporate clientele have expressed enough confidence in the marketplace to make continuing investments in business travel," noted Travel Leaders Group CEO Ninan Chacko. "This has clearly been a solid year for business travel through the first eight months as over 80 percent of our corporate travel specialists are seeing their business travel bookings better than or equal to the same time last year."
These results are part of Travel Leaders Group's larger survey of 1,152 travel agents in Travel Leaders Group's brands and their affiliates.