UK Business Traveller market report
Everything you need to make the right decisions
Providing the most comprehensive and up-to-date information and analysis of the Business Traveller market, and the behaviours, preferences and habits of the consumer.
Mintel has the answers you’re looking for
What are the key challenges facing the industry and how fast are its rates of growth? Who is the consumer and what do they want? Where are the opportunities, where are the risks and what lies ahead?
Scope of this Report
This Report covers the market for business travel by UK employees/self-employed adults, both within the UK and overseas. Data and discussion within the consumer sections of this Report refers to both day trips and overnight stays. Market size and forecast data for the UK domestic market specifically includes overnight stays on business only, while overseas data includes all business trips abroad. The Report excludes any holiday/leisure travel, visiting friends and relatives, travel, daily commuting to/from work or any other purposes of travel.
What you need to know
Business travel is suffering in the wake of the Brexit vote. According to data from the ONS, the number of overseas business trips taken by UK employees declined by 5.4% to 6.8 million in 2017. Mintel expects this figure to fall again in 2018, to reach 6.6 million. Businesses are spending less on overseas travel services. Around a third of business travellers say their company is cutting back on business class travel and opting for premium economy or standard economy flights.
However, there are still opportunities for travel suppliers and operations in the business travel sector. Companies will gravitate towards services that will help them save money and time, as well as navigate the complexities of GDPR regulations. However, the same GDPR regulations will prove challenging for travel suppliers and travel management companies (TMCs) that rely on customer data to operate effectively. TMCs should prepare for the possibility that some businesses may push GDPR accountability and management to them.
Expert analysis from a specialist in the field
Written by Fergal McGivney, a leading analyst in the Travel sector, his extensive knowledge delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers.
Businesses are cutting back on travel in light of uncertainty surrounding Brexit and the impact of a weak pound. Airline GDS fees and new GDPR regulations are also making life more difficult for British-based companies. However, there are opportunities for larger TMCs to develop products that help businesses save money and navigate the choppy waters of GDPR regulations. There are also great opportunities for startups and new entrants to the market to develop tools that help businesses save money on travel and accommodation.
Senior Technology & Travel Analyst
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.
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