The Washington Post takes a look at the most expensive cities for business travel. The Global Business Travel Association, a travel industry trade group, predicts business in the corporate travel sector will have increased between six and seven percent by 2019 and 2020.
Using data compiled from Business Travel News’ Corporate Travel Index, Expert Market, a business-to-business office equipment marketer, has concluded that three American cities take the top spots. New York City wins the crown. The typical business traveler spends about $549 per day in New York, compared to $534 in San Francisco and $511 in Boston. Tokyo and Zurich round out the top five. Washington and Chicago are also in the top 10.
So what’s the cheapest American city for business travel? At only $241 per day, less than half of New York, that would be Bakersfield, Calif.–a two-hour drive north of Los Angeles.
Millennials are reinforcing the fact that business and pleasure blend beautifully and effectively.
Apparently, business is pleasure — especially when there’s cake — as 81% of millennials associate business travel with happiness and job satisfaction, according to last year’s MMGY Global survey on American travelers. Millennials are also taking the most trips out of all age groups — 7.7 annually.
Increasing technology and staying at preferred hotels with updated tech means that millennials can stay in touch with co-workers, friends and family with the tap of a finger. More hotels and airlines are offering services focused on the traveler’s pleasure. According to the same survey, 73% of millennials rate leisure time on business travel as important, more so than to boomers at 46% or gen Xers at 56%. As the biggest generation in business, millennials are making waves in how a business trip is typically defined.
Detroit has been named the best US city for business travel. With a bevy of companies—including four Fortune 500 firms—and a modern, sophisticated airport, Detroit is the best place in the country to do business, according to a new survey.
The report by On Call International evaluates the 20 largest U.S markets, ranking them on business travel efficiency. This was based on several key factors, including on-time flights, average hotel prices, reliability of 4G LTE mobile networks, traffic congestion and emergency room efficiency.
High-tech software companies and event production firms are rolling out new technologies, including facial recognition and emotional measurement software, to improve event security, streamline the check-in process, and measure the attendee experience. The goal is to do all these things while putting attendees’ minds at ease when it comes to privacy concerns.
President and CEO Panos Moutafis said his facial recognition software, which launched earlier this year, speeds up the check-in process, prevents registration fraud, and adds an extra level of security to an event or conference by ensuring that the person who registered for the event is actually the person attending. It can also be helpful when managing or restricting access in areas that event planners want to keep private.
Business travelers are finding it much easier to remain productive while traveling for work today. In fact, they are actively seeking out ways to get out of the office. Technology has greatly contributed to productivity while staff members are away from the office.
With business travelers bringing more devices with them on the road, technology is contributing to this trend, allowing them to be more productive while they are away.
Business travel also has big benefits for staff members and for companies. The CWT Connected Traveller Study by Carlson Wagonlit Travel found that work-based relationships and productivity were strengthened: Nearly nine in 10 said that travel helped build knowledge and perspective. Eighty percent of business travelers surveyed said that business travel boosted their productivity while 93% said that the positives of business travel outweighed the negatives when it comes to working relationships. Seventy-seven percent said the same in regards to relationships at home.
American Airlines is expanding the availability of its basic economy fare. The cheaper offering, which doesn’t include a carry-on bag or advance seat assignment, has been tested on an increasing number of routes for the last six months. The airline now plans to introduce the fares across its entire domestic system by the end of September. American and other legacy carriers have introduced basic economy fares to compete with low-cost competitors like Spirit Airlines.
Planning a vacation? Chances are you’ll think about it differently than you do that business trip you’re also arranging.
A new breed of start-ups that caters to corporate travelers and focuses on user behavior are making business travelers more cost conscious. The premise behind these companies, including Rocketrip, TripActions and Upside, is that if business travelers were rewarded for making choices that save their companies money, they would act accordingly.
Upside officially started in January, and more than 10,000 companies in the United States are already using it to book employee travel, according to its founder, Jay Walker. TripActions, which began offering its services in 2015, does not disclose its user figures but has attracted companies like Survey Monkey and eHarmony, said its founder and chief executive, Ariel Cohen. Rocketrip, which has been around since 2013, is the preferred booking tool of General Electric, Twitter and 50 to 100 other Fortune 100 and midsize businesses, Dan Ruch, its founder and chief executive, said.
People are naturally drawn to comfort, Dan Ruch said, meaning that unless they know they will be rewarded for cutting corners, they will indulge their inclination to make business travel as cushy, and as expensive, as possible.
New research from Concur, the expense management company, shows millennial purchasing patterns when it comes to business travel aren’t as different from those of senior colleagues as you might have expected.
Research showed millennials spend 18% less than employees aged 36-65 on dining and entertainment, about $44 per transaction compared to $52; 19% less on dining at $33 per meal when traveling, while colleagues between ages 36-65 spend $39; and 3% more on hotel-related expenses (room, parking, WiFi, room service) than older colleagues ($114 per transaction compared to $111).
Some of the numbers suggest that the industry in which the traveler works influences spending more than the employee’s age.
See more on this from Business Travel Executive here.