Recent travel trends and stats suggest that business travel has evolved post Covid-19. There are no surprises in terms of the average travel spend and average travel frequency. However, it’s quite interesting to see that the profile of travelers largely included technology travelers (26%), followed by healthcare (10%), according to […]
Business Travel
If Business Travel Bounces Back, These 3 Stocks Should Do Well
Business travel will take a while to come back, and companies in industries that profit from corporate jet-setters will likely face some ups and downs over the next few years. But there are a number of stocks that are attractively priced and poised to gain from even an incremental improvement […]
Sonder Restructuring to Include Layoffs, Growth Limits
Short-term accommodation provider Sonder Holdings this week laid off 21 percent of its corporate employees and 7 percent of its front-line staff as part of a restructuring designed to increase its cash flow, the company announced Thursday. Sonder’s upcoming growth now will be driven primarily by opening units for which […]
Hyatt Hotels Had a Great Memorial Day Weekend. The Summer Season Looks Busy Too.
Text size Hyatt Hotels anticipates a busy summer vacation season. Justin Sullivan/Getty Images Hyatt Hotels kicked off the summer travel season with a bang, becoming the latest travel company to tout a return to business as normal. Travel trends during the Memorial Day weekend helped produce the strongest revenue per […]
Trip.com Group corporate travel arm Trip.Biz releases China market white paper as it shares global expansion strategy
Global Business Travel Association (GBTA) data shows that China led the world in business travel spending in 2021, after a 38% decline in business travel spending in 2020. As the domestic market recovered, in 2021, China’s business travel spending saw a growth rate of 31.7%, more than double the global […]
How inflation impacts summer travel: Consumer getting ‘savvier,’ CEO says
AAA Senior Vice President of Travel Paula Twidale says Americans will continue to travel ahead of the Memorial Day weekend despite high gas prices but with ‘behavioral changes.’ It has been more than two years since Americans canceled their summer travel plans because of the coronavirus pandemic and the associated […]
Chase Bank Tees Up Consumer Travel Portal and More Top Stories This Week
Skift Take In Skift’s top stories this week, Chase pushes further into travel as a commerce category, investors view Instagram as a bigger platform for selling travel, and Qatar may be forced to prioritize World Cup fans over other visitors. Mary Ann Ha Throughout the week we are posting original […]
Mastercard Economics Institute: Pent-up demand drives global leisure and business flight bookings past 2019 levels
May 18, 2022 U.S., U.K, Switzerland, Spain and Netherlands top the list of most visited destinations Cruises, buses and trains see strong spending rebound in 2022 as Covid restrictions loosen After a turbulent two years, new research from the Mastercard Economics Institute reveals that global leisure and business […]
How Four Seasons Hotels Use Travel To Improve Company Culture
Business and pleasure travel often converge. Four Seasons After several years of stagnation, travel for business or pleasure is rebounding in a big way, and in some instances they are converging. As travel restrictions are lifted around the world, businesses are seeing an opportunity to free remote workers from their […]
Business Trip Packing List – Small Business Trends
If you buy something through our links, we may earn money from our affiliate partners. Learn more. Getting your business trip packing list just right isn’t always easy. There are so many different elements that need to be balanced, such as casual clothing versus business attire, electronics, key documents, etc. […]