Survey: Business travelers turning to 'sharing economy'
A survey of corporate travel specialists has revealed that over half of business travelers have made use of a service in the sharing economy that encompasses companies such as Uber and AirBnB.
The 2015 Fall Business Travel Trends survey conducted by the Travel Leaders Group surveyed nearly 400 U.S.-based travel agency owners, managers and frontline travel agents whose portfolio is at least 50 percent business travelers. They indicated that when it came to the emerging sharing economy, 44.4 percent have clients who have used an alternative supplier for accommodation and 66.2 percent indicated their clients have used an alternative supplier for ground transportation.
“What will be very interesting to watch is how younger ‘road warriors’ shape and impact business travel, particularly with alternative sources for transportation and accommodations,” David Holyoke, President of Travel Leaders Corporate, said in a release. “Already, we are seeing a segment of our clientele opting for the flexibility that those services can provide. It will be incumbent upon travel management companies to help their clients incorporate those services into their corporate travel policies for financial reasons and for duty of care.”
The survey found that the previous year had been a good one for business travel, with over 80 percent of respondents saying their bookings are higher or on par with last year.
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