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PhoCusWright's U.S. Corporate Travel Distribution Fourth Edition
PhoCusWright, July 2009, Pages: 40
The travel industry is reeling from the economic recession, but few segments are as challenged as corporate travel. Amid double-digit declines in traveler demand and revenue, the corporate travel landscape is undergoing a major realignment. Corporations are pulling back across the board and all players from airlines to hotels to travel management companies are under pressure.
The dynamics of corporate travel distribution, however, continue to evolve rapidly. Online adoption is growing, expense integration is accelerating and technology innovation and adaptation continue to reshape the business travel landscape. The traditional definition of business travel is changing as disruptive technologies and alternative channels (such as virtual meetings) force companies to evaluate if and under what conditions a trip should be taken. Business travel will be anything but typical over the next three years.
PhoCusWright’s U.S. Corporate Travel Distribution Fourth Edition includes the following:
- Historical and forecasted market sizing for the U.S. corporate travel market 2007 - 2011
- Segmentation by channel: supplier direct vs. intermediary (TMC), and online vs. offline
- The disposition of corporate travel spend by product segment (air, hotel, car, etc.)
- Online adoption, corporate self-booking tools
- Analysis of the seven major trends shaping (and reshaping) corporate travel
This report measures the current composition of the corporate travel market and shines a spotlight on fundamental shifts that will change the business travel landscape over the next three years
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