Business Travel Worldwide - International - September 2010
This report provides an overview of business travel worldwide and is structured by type of travel service provider (ie airlines, hotels and car rental) as well as by selected geographical region.
- Worldwide spending on business travel should decline for the second year in a row in 2010 – by an estimated 1.8% – but is projected to almost double to reach US$1.6 trillion by 2020.
- Airlines are earning a growing proportion of their revenues on ancillary items (luggage check-in fees, in-flight meals, priority boarding, seat selection, etc), which poses a problem for cost estimates and price comparison of fares listed on the global distribution system (GDS), as well as for travel management groups and their clients.
- After two years of sharp declines, premium (first- and business-class) air-ticket sales are rebounding, increasing by 11% year on year for the first five months of 2010.
- Premium economy is a growing ‘fourth’ cabin-class option offering more space than standard economy seats but without the service of business class. So far the class is largely available only on European and Asian routes, as lack of standardisation prevents it from being integrated into the travel programmes of large North American companies.
- Some airlines are attempting to offset credit card commissions, either by imposing surcharges on tickets purchased with credit cards or by blocking travel agencies from using airline merchant accounts for tickets purchased with credit cards. The effect ultimately is to drive up the cost of air tickets by 2% to 3%.
What you get
This market report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.
Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market.
Mintel's proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.
Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.
Market reports provide appendices of data to support the research and insight produced. Our tables of data are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.
* This is a sample representation of the report layout and does not reflect the research included in this report.
Why buy from us?
Our reports will provide you with market data, consumer research and competitive intelligence to succeed in your market.
Buy now and you'll have instant access to the information you need to make the right decisions.
Find out what's next in the markets that matter to you: where opportunities lie and what challenges you will face.
A business Superbrand, Mintel is a source you can trust. We have been defining and refining the Market Intelligence mix since 1972.