2013 Industry Pulse: Business Travel Buyers Sentiment – Latin America
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This annual survey of travel buyers in Latin America takes a detailed look at their economic expectations for the business travel industry. Topics covered include general business conditions, average company travel spend, change in travel spend for 2013, and anticipated changes in the cost of airfare, lodging, and car rentals. This study also looks at outbound international travel spend, including the anticipated changes in total spend, cost for international coach and business class airfare, and lodging. The full report is available for purchase for non-members and at no cost for GBTA members. To learn more about the Global Business Travel Association please visit www.gbta.org.
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2013 Industry Pulse: Business Travel Buyers Sentiment – Latin America
- 1. 1 Source: GBTA 2013 Industry Pulse: Business Travel Buyers Sentiment © 2013 GBTA and its affiliates. All rights reserved. Members may copy this publication in its entirety for internal company use. 1 2013 Industry Pulse: Business Travel Buyers Sentiment Latin America © 2013 GBTA and its affiliates. All rights reserved. Members may copy this publication in its entirety for internal company use.
- 2. 14 Source: GBTA 2013 Industry Pulse: Business Travel Buyers Sentiment © 2013 GBTA and its affiliates. All rights reserved. Members may copy this publication in its entirety for internal company use. Factors Increasing Spend in 2013 • More trips is the most often cited contributor to larger travel budgets (44%), followed by higher rates / fares, increased airline fees, and increased hotel fees (all 34%). • Another notable influence is more travelers (27%). Q10: Which of the following factors, if any, are influencing travel spend changes for 2013? Check all that apply. 1% 5% 6% 12% 14% 16% 27% 34% 34% 34% 44% Weaker travel policies Less favorable negotiated discounts Increased TMC fees Increased car rental fees Budget increases Higher food costs More travelers Increased hotel fees Increased airline fees Higher rates / fares More trips Jan. 2013 (n = 118)
- 3. 24 Source: GBTA 2013 Industry Pulse: Business Travel Buyers Sentiment © 2013 GBTA and its affiliates. All rights reserved. Members may copy this publication in its entirety for internal company use. Average International Premium Economy Airfare $1,800 $1,904 $1,999 2011 (actual) 2012 (actual) 2013 (projected) Average Fare (USD) n = 54 - 65 • Travel Buyers in Latin America report their average international premium economy airfare was $1,800 in 2011. • Their 2012 average international premium economy airfare increased by 5.8% to $1,904. • Buyers anticipate a smaller increase in 2013 (5.0%) to $1,999. • NOTE: These figures do not include ancillary fees, which may increase the total cost of air travel. +5.0% +5.8% Q21: Please select the average rate / fare for each category for all of 2011. Please provide all answers in USD. Include all taxes and fees. Q22: Thinking about the average rates / fares for all of 2012, how do they compare to the average rates / fares for 2011? Q23: Thinking about the average rates / fares you expect for 2013, how do they compare to the average rates / fares for 2012?