• Share
  • Email
  • Embed
  • Like
  • Save
  • Private Content
Business Travel 2011
 

Business Travel 2011

on

  • 105 views

Executive SummaryThis 2011 Key Note Market Assessment examines the UK business travel market in terms of domestic and outbound travel by UK residents and overseas visitors. It will also assess the ...

Executive SummaryThis 2011 Key Note Market Assessment examines the UK business travel market in terms of domestic and outbound travel by UK residents and overseas visitors. It will also assess the trends in the market witnessed over the last 5 years and the changing roles of travel providers, travel management companies and hotel operators. The Assessment will also make use of bespoke research conducted by NEMS Market Research on behalf of Key Note. The research examines the extent of business travel within the UK by UK residents and their opinion on various factors affecting the market.Business travel for domestic, inbound and outbound travel has decreased in volume since before the recession, as has expenditure on business travel. The global recession exacerbated the market's overall decline, with volumes falling by 18.7% between 2006 and 2010. The worst effected sector was outbound travel, which decreased in volume by 27.1% between 2006 and 2010, while the inbound sector was the only area of the market to witness growth.The mounting squeeze on businesses' resources has resulted in them turning increasingly to budget travel and accommodation in order to keep costs down. Previously, budget airlines had not specifically targeted the business travel sector, but airlines, such as easyJet, are increasingly seeking to tap into this area of the market. The introduction of flexi-fares, new routes and a corporate sales team has been part of easyJet's new business travel procurement strategy. Increasing costs have led to struggles for larger flag carrier airlines. Mergers have helped reduce these costs with the biggest merger being between British Airways and Iberia in January 2011.Air travel is still the dominant mode of transport for business travel, due to convenience and the large distances covered. However, EU emissions quotas coming into force for airlines from 2013 could push up the cost of air travel and see travellers turning to high-speed rail. The European high-speed rail network is also set for expansion, linking more major European cities and increasing competition for the UK's only high-speed rail line. The rising price of fuel is also a factor in rail's favour, particularly for domestic travel.Technological advancements have also revolutionised business travel, improving productivity and efficiency, but also increasing competition through travel alternatives. Smartphone 'apps' now allow the reservations and booking of hotel rooms 'on-the-go'. Travellers can also locate points of interest and work while in transit thanks to mobile Internet technology. However, these advances have also led to improved video conferencing capabilities, increasing competition for business travel.The continued global economic uncertainties could result in a tough few years for business travel. The 2012 Olympics will also provide a key opportunity for growth within the domestic and inbound market sectors. Hotel operators are building establishments in and around the capital, and airlines, such as easyJet, are increasing the volume of flights at the capital's serving airports. In the coming years, growth in business travel is likely to be driven by emerging economies, as these have reported the largest growth in air traffic in recent years.

Statistics

Views

Total Views
105
Views on SlideShare
105
Embed Views
0

Actions

Likes
0
Downloads
0
Comments
0

0 Embeds 0

No embeds

Accessibility

Categories

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    Business Travel 2011 Business Travel 2011 Document Transcript

    • Find Industry reports, Company profilesReportLinker and Market Statistics >> Get this Report Now by email!Business Travel 2011Published on November 2011 Report SummaryExecutive SummaryThis 2011 Key Note Market Assessment examines the UK business travel market in terms of domestic and outbound travel by UKresidents and overseas visitors. It will also assess the trends in the market witnessed over the last 5 years and the changing roles oftravel providers, travel management companies and hotel operators. The Assessment will also make use of bespoke researchconducted by NEMS Market Research on behalf of Key Note. The research examines the extent of business travel within the UK byUK residents and their opinion on various factors affecting the market.Business travel for domestic, inbound and outbound travel has decreased in volume since before the recession, as has expenditureon business travel. The global recession exacerbated the markets overall decline, with volumes falling by 18.7% between 2006 and2010. The worst effected sector was outbound travel, which decreased in volume by 27.1% between 2006 and 2010, while theinbound sector was the only area of the market to witness growth.The mounting squeeze on businesses resources has resulted in them turning increasingly to budget travel and accommodation inorder to keep costs down. Previously, budget airlines had not specifically targeted the business travel sector, but airlines, such aseasyJet, are increasingly seeking to tap into this area of the market. The introduction of flexi-fares, new routes and a corporate salesteam has been part of easyJets new business travel procurement strategy. Increasing costs have led to struggles for larger flagcarrier airlines. Mergers have helped reduce these costs with the biggest merger being between British Airways and Iberia in January2011.Air travel is still the dominant mode of transport for business travel, due to convenience and the large distances covered. However,EU emissions quotas coming into force for airlines from 2013 could push up the cost of air travel and see travellers turning tohigh-speed rail. The European high-speed rail network is also set for expansion, linking more major European cities and increasingcompetition for the UKs only high-speed rail line. The rising price of fuel is also a factor in rails favour, particularly for domestic travel.Technological advancements have also revolutionised business travel, improving productivity and efficiency, but also increasingcompetition through travel alternatives. Smartphone apps now allow the reservations and booking of hotel rooms on-the-go.Travellers can also locate points of interest and work while in transit thanks to mobile Internet technology. However, these advanceshave also led to improved video conferencing capabilities, increasing competition for business travel.The continued global economic uncertainties could result in a tough few years for business travel. The 2012 Olympics will alsoprovide a key opportunity for growth within the domestic and inbound market sectors. Hotel operators are building establishments inand around the capital, and airlines, such as easyJet, are increasing the volume of flights at the capitals serving airports. In thecoming years, growth in business travel is likely to be driven by emerging economies, as these have reported the largest growth in airtraffic in recent years. Table of ContentExecutive SummaryBusiness Travel 2011 (From Slideshare) Page 1/6
    • Find Industry reports, Company profilesReportLinker and Market Statistics >> Get this Report Now by email!IntroductionBACKGROUNDDEFINITIONSTourismSupplying SectorsStrategic OverviewMARKET DYNAMICS AND SEGMENTATIONSegmentation by ProductSegmentation by ServiceThe Total UK Market for Business TravelDISTRIBUTIONTravel Management CompaniesOnline AgenciesGlobal Distribution SystemsDirect BookingsCOMPETITIVE STRUCTUREOverviewADVERTISINGTHE CONSUMERMARKET FORECASTSBusiness Travel by UK ResidentsBACKGROUNDMARKET SIZECONSUMER TRENDSMARKETING ACTIVITY AND DISTRIBUTIONADVERTISINGBusiness Travel by AirBusiness Travel by RailOther SectorsDomestic Business TravelBACKGROUNDMARKET SIZESeason of Travel[(c)Mode of TransportCONSUMER TRENDSMARKETING ACTIVITYOutbound Business TravelBACKGROUNDMARKET SIZEDestinationLength of StaySeason of TravelMode of TransportMARKETING ACTIVITYBusiness Travel 2011 (From Slideshare) Page 2/6
    • Find Industry reports, Company profilesReportLinker and Market Statistics >> Get this Report Now by email!Inbound Business TravelBACKGROUNDMARKET SIZEDestinationLength of StaySeason of TravelMode of TransportMARKETING ACTIVITYAn International PerspectiveMARKET DEVELOPMENTS[(c)Business Travel and the World Economy[(c)World Trends in Business Travel by AirCOMPETITOR ENVIRONMENTAirlinesHotels[(c)Forecasts for World Business TravelCONSUMER BEHAVIOURBusiness Travel Market SurveyPEST AnalysisPOLITICALLegislation and RegulationECONOMIC[(c)The Global Economy[(c)Business Travel and TradeEmerging Economic PowersFuel PricesSOCIALAir Travels Environmental ImpactTravel DisruptionsTECHNOLOGICALData RoamingVideo ConferencingVirtual ConferencingDistributionConsumer DynamicsCHARACTERISTIC OF DOMESTIC BUSINESS TRAVELLERSOccasional TravellersFrequent TravellersAirline ClassUse of Travel Management CompanyTravel Alternatives and Environmental ConcernsCompany/Supplier ProfilesINTRODUCTIONAIRLINESBritish AirwaysBusiness Travel 2011 (From Slideshare) Page 3/6
    • Find Industry reports, Company profilesReportLinker and Market Statistics >> Get this Report Now by email!Easyjet PLCHOTELSInterContinental Hotels Group PLCPremier Inn Hotels LtdTRAVEL MANAGEMENT COMPANIESCarlson Wagonlit TravelHRGOTHERSTravelportSabre HoldingsTravelocityThe FutureKEY FUTURE ISSUES FOR BUSINESS TRAVELThe World EconomyThe OlympicsTerrorismTechnologyBUSINESS TRAVEL SUPPLIERSTransportTravel Management CompaniesHotelsFORECASTS BY MARKET SECTORDomestic Business TravelOutbound Business TravelInbound Business TravelFurther SourcesAssociationsPublicationsGeneral SourcesGovernment PublicationsOther SourcesKey Note SourcesKey Note LtdUnderstanding TGI DataNumber, Profile, PenetrationSocial GradeStandard RegionKey Note ResearchThe Key Note Range of ReportsBusiness Travel 2011 (From Slideshare) Page 4/6
    • Find Industry reports, Company profilesReportLinker and Market Statistics >> Get this Report Now by email! Fax Order Form To place an order via fax simply print this form, fill in the information below and fax the completed form to: Europe, Middle East and Africa : + 33 4 37 37 15 56 Asia, Oceania and America : + 1 (805) 617 17 93 If you have any questions please visit http://www.reportlinker.com/notify/contact Order Information Please verify that the product information is correct and select the format(s) you require. Business Travel 2011 Product Formats Please select the product formats and the quantity you require. Digital Copy--USD 1 539.06 Quantity: _____ Contact Information Please enter all the information below in BLOCK CAPITALS Title: Mr Mrs Dr Miss Ms Prof First Name: _____________________________ Last Name: __________________________________ Email Address: __________________________________________________________________________ Job Title: __________________________________________________________________________ Organization: __________________________________________________________________________ Address: __________________________________________________________________________ City: __________________________________________________________________________ Postal / Zip Code: __________________________________________________________________________ Country: __________________________________________________________________________ Phone Number: __________________________________________________________________________ Fax Number: __________________________________________________________________________Business Travel 2011 (From Slideshare) Page 5/6
    • Find Industry reports, Company profilesReportLinker and Market Statistics >> Get this Report Now by email! Payment Information Please indicate the payment method, you would like to use by selecting the appropriate box. Payment by credit card Card Number: ______________________________________________ Expiry Date __________ / _________ CVV Number _____________________ Card Type (ex: Visa, Amex…) _________________________________ Payment by wire transfer Crédit Mutuel RIB : 10278 07314 00020257701 89 BIC : CMCIFR2A IBAN : FR76 1027 8073 1400 0202 5770 189 Payment by check UBIQUICK SAS 16 rue Grenette – 69002 LYON, FRANCE Customer signature:   Please note that by ordering from Reportlinker you are agreeing to our Terms and Conditions at http://www.reportlinker.com/index/terms Please fax this form to: Europe, Middle East and Africa : + 33 4 37 37 15 56 Asia, Oceania and America : + 1 (805) 617 17 93Business Travel 2011 (From Slideshare) Page 6/6