Business travel booking market trends

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Business travel booking market trends

New Heights for Air Travel.

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Expedia and ARC together conducted an original analysis of billions of data points to spot trends that the modern traveler can use to book with intelligence in Collectively, New Heights for Air Travel reveals that two factors — falling ticket prices and surging capacity — suggest that could be a banner year for travelers taking to the skies, with more options to fly to more destinations for lower prices.

The report is an analysis of worldwide air travel data from January 1,through October 24, It presents several key takeaways for travelers: Generally, the best deals on airplane tickets can be found if the tickets are purchased on weekends, Sunday in particular, more than 21 days in advance.

In most parts of the world, trips with Saturday-night stays still are priced best. Increased competition is a good thing for travelers; more flights from more airlines mean more options for consumers.

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Bundling your travel products, for example, flight and hotel, by booking more than one at the same time can provide big savings. It also means that everyday travel — flights to see the family, work trips — are likely to be easier to book at a lower price.

Expedia and ARC enjoy access to a wealth of data. Together, we are showing travelers that the travel possibilities for are almost limitless.

Business travel booking market trends

As a company that has visibility into what travelers are actually buying, and the ability to apply sophisticated algorithms to make that information valuable and useful, ARC is delighted once again to partner with Expedia for this study.

Overall, from January 1 through October 24,ATPs for travel within a region declined, hovering around 4 percent drops for economy one-way tickets.

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In North America, ATPs declined approximately 6 percent for economy one-ways and about 5 percent for economy round-trips. In Asia-Pacific, ATPs declined approximately 4 percent for economy one-ways and about 7 percent for economy round-trips.

And in Europe, ATPs declined approximately 4 percent for both economy-one ways and economy round-trips. Africa experienced the largest decrease on economy tickets during the January to October time frame — a decrease of 11 percent for round-trip tickets and a dip of 14 percent for one way. Inter-regional flight prices also falling New Heights for Air Travel reveals similar price drops for inter-regional travel from most regions to most other regions.

South America to North America 5 percent rise and Japan to Northern Europe 1 percent rise were the only two pairings that saw an overall increase in average fare for economy round-trip tickets in Sunday is best to book New Heights for Air Travel analyzed two aspects of when to book air travel: Relative to days of the week, worldwide, weekends are the best time to book flights and Fridays are the worst.

Friday earns this designation largely due to business travelers, who tend to make most of their flight purchases at the end of the week.

For travel originating and ending in the United States, Sunday is by far the best day to book a flight, with ATP savings of 11 percent over Friday. Sunday savings for flights originating in the United States and heading to Europe is even larger, at 16 percent.

For travel originating in the United States and flying to Asia, savings average 10 percent over the other days of the week.With, Understand Your Industry Sector Quickly Thanks To Reports Industry Challenges · Top Industry Sources · Actionable Data · Key InformationBrands: Market Research Firms, Business Organizations, Government Institutions.

The Online Travel Booking segment contains package holidays, hotel stays and private vacation rentals that are booked via the Internet.

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Business Travel Industry in the U.S.

Asia-Pacific, US and International markets. Business Travel Booking Trends Market - Current and Future Plans Business Travel Booking Trends Industry Business & Investment Opportunity ( – ) Market Research Reports PUNE, INDIA, December 7, Continue Reading →. Changing Trends in Business Travel Booking in Summary GlobalData’s Changing Trends in Business Travel Booking in , report examines industry sentiment about the changing trends in business travel booking in Technology is changing the future of travel, and the industry is evolving to adapt.

We look at nine tech trends that are reshaping how we travel. stop transforming travel with online booking.

Business Travel Trends for - TravelPerk Blog