Post by ivykhan885 on Mar 9, 2024 22:37:26 GMT -6
Despite encouraging positive signs for the travel industry in 2022, in Europe as well as in the USA and APAC, the business sector is seeing a slower than expected recovery , particularly for international travel. This branch of travel has to deal with a series of additional aspects and complexities, which slow down its full recovery. How to react to this scenario, especially if you manage business-oriented structures? Surely the first step is to calmly evaluate your situation, in terms of conversions and average cart, comparing the data with those of the same period in years before the pandemic. Secondly, ask yourself where you can act to reverse the trend, emulating competitors or players who are implementing best practices that bring results, such as the hotel chains we talk about in the last part of this article. Having made the necessary assessments, we discover the times and methods of the recovery of international business travel, according to the experts at Airport Technology . Business travel faces several additional layers of complexity that impact consumer behavior, purchasing decisions and overall operations.
Consequently, many challenges lie ahead in the next four years, a contingency that would postpone a full recovery, at an international level, to at least 2026. The collapse of business travel in the pandemic Analyzing GlobalData's tourism database, international business travel fell 78.4% in 2020, before falling a further 7.9% in 2021. At the start of the pandemic, some experts predicted that the 2021 would most Australia Telegram Number Data see some form of recovery, albeit timid. However, the prolongation of the Covid-19 emergency has continued to inflict severe blows on the sector. Only now, with billions of doses of vaccines administered around the world, is an upward trajectory for international travel clearly emerging. The complexities of international business travel Business travel is much more complex than leisure travel, this is an assumption that is difficult to refute. There are a number of external factors that both directly and indirectly influence the demand for business travel.
The most important, probably, is the increase in the cost of living fueled by the ongoing energy crisis. This, as we know, depends on the limited reserves of energy sources due to the pandemic and the current geopolitical situation between Russia and Ukraine . Higher energy costs have undoubtedly put further pressure on companies who, when organizing a trip, see a surge in operational overheads. This is why, all things considered, business travel cannot currently be considered a priority for many companies with limited budgets. According to an April 2021 GlobalData survey, 43.2% of respondents said their companies have significantly reduced funds allocated for travel. Let's then consider the great weight of technology for remote working that we have been forced to do during the long months of continuous surge in infections. The increasingly widespread use of conferencing software has had a significant impact on the meetings, incentives, conferences and events (MICE) sector within business travel. These types of technologies have allowed companies to develop business-to-business (B2B) relationships around.
Consequently, many challenges lie ahead in the next four years, a contingency that would postpone a full recovery, at an international level, to at least 2026. The collapse of business travel in the pandemic Analyzing GlobalData's tourism database, international business travel fell 78.4% in 2020, before falling a further 7.9% in 2021. At the start of the pandemic, some experts predicted that the 2021 would most Australia Telegram Number Data see some form of recovery, albeit timid. However, the prolongation of the Covid-19 emergency has continued to inflict severe blows on the sector. Only now, with billions of doses of vaccines administered around the world, is an upward trajectory for international travel clearly emerging. The complexities of international business travel Business travel is much more complex than leisure travel, this is an assumption that is difficult to refute. There are a number of external factors that both directly and indirectly influence the demand for business travel.
The most important, probably, is the increase in the cost of living fueled by the ongoing energy crisis. This, as we know, depends on the limited reserves of energy sources due to the pandemic and the current geopolitical situation between Russia and Ukraine . Higher energy costs have undoubtedly put further pressure on companies who, when organizing a trip, see a surge in operational overheads. This is why, all things considered, business travel cannot currently be considered a priority for many companies with limited budgets. According to an April 2021 GlobalData survey, 43.2% of respondents said their companies have significantly reduced funds allocated for travel. Let's then consider the great weight of technology for remote working that we have been forced to do during the long months of continuous surge in infections. The increasingly widespread use of conferencing software has had a significant impact on the meetings, incentives, conferences and events (MICE) sector within business travel. These types of technologies have allowed companies to develop business-to-business (B2B) relationships around.