Now in it’s eleventh year, the AirPlus International Travel Management Study asks travel managers
in no fewer than 24 countries how they view business travel prospects for the
12 months ahead. For the first time we have sought the views of business
travellers too.
It turns out the opinions of both groups are
remarkably similar. For example, 36 per cent of both UK travel managers and
travellers expect more trips in 2016, while 5 per cent of travel managers and 8
per cent of travellers think there will be fewer. Likewise, 44 per cent of UK
travel managers forecast higher travel spend in 2016, as do 40 per cent of
travellers.
A year of
optimism – but watch out for costs
Another consistent picture to emerge is that British
travel managers and travellers are well ahead of their peers in Western Europe
and even globally in expecting more trips (and more spend) in 2016. Since
business travel and GDP growth are strongly linked, these findings are
consistent with the UK economy outperforming most other industrialised nations over
the past year.
Expansion of business activity is welcome news, of
course, but no company wants to see its travel spend spiral out of control as a
result. Quite rightly, UK travel managers identify hotels as their biggest area
of cost concern this year. Air fares are largely stable at present, thanks in
part to low oil prices, so I expect to see travel managers making accommodation
their number one supplier management objective in 2016. Tighter policy control,
better use of corporate payments and a drive for more detailed hotel data are
all likely to be on the agenda.
Managing cost while maintaining quality will
undoubtedly be an issue this year, but there are plenty of good tools – and
talent – available to tackle this critical challenge for travel managers.
To get your copy of the International Travel
Management study, visit us on stand B430 at the Business Travel Show 2016. AirPlus is a leading specialist in corporate payment solutions.With 25 years experience we offer products to over 40,000 customers
worldwide including corporate cards, centrally billed accounts, virtual card
solutions and expert reporting tools.
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