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Consumer trends and news curated by Tourism Australia
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The impact of emerging markets on corporate travel 

The impact of emerging markets on corporate travel  | The Insight Files | Scoop.it

There are a few emerging markets around the world already impacting on business travel, and there are big expectations on the role they'll play within the industry in 2017. In order to seize the opportunity to tap into these emerging markets, this article lists tips and advice on how travel managers can arm their employees and customers with the necessary tools to succeed. Among the predictions:

 

  • Reports forecast that India will reach $36.1 billion in business travel spending in 2017, becoming a top 5 market in corporate travel spending in the next 15 years.
  • China's business travel spending is expected to increase by 61% over the next 5 years. In 2015, China surpassed the USA as the biggest business travel market in the world. 
  • According to Asialink Business, Australian businesses in consumer markets such as design and product development, retail and online marketing and consumer finance have plentiful opportunity in Indonesia's emerging international marketplace. 
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Data analytics and other APAC corporate travel trends

Data analytics and other APAC corporate travel trends | The Insight Files | Scoop.it

Sabre has put together some research on trends in corporate travel in the Asia Pacific region, with some interesting results around ancillaries and personalisation. Among seven trends identified in the study is the fact that itinerary management apps are now mainstream. However, there is a view that a concierge model is emerging because of the tendency to rely on agents more in the region. Further findings indicate that data analytics is seen as increasingly important as the corporate travel industry strives to deliver more personalised services. This year, data analytics was deemed very important by almost 50% of respondents compared to last year when less than one-third identified the areas as a key focus. Find out more.

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Managed Travel 3.0, in a nutshell

Managed Travel 3.0, in a nutshell | The Insight Files | Scoop.it

Corporate travel is changing beyond recognition. The issue that many industry players face is that there are so many elements to corporate travel that are changing that it is often difficult to establish which ones to prioritise. Should it be service and duty of care? Or how travellers search and book product? What kind of content is the corporate traveller looking for? The infographic above has integrated all of these elements together to provide a tool for industry players to determine how they can evolve to meet the challenges in corporate travel. Find out more.

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China adds corporate travel to its world's biggest checklist

China adds corporate travel to its world's biggest checklist | The Insight Files | Scoop.it

An Amadeus study into APAC corporate travel says that 2015 will be the year when businesses in China spend more on travel than those in the US. China already spends $250 billion a year on corporate travel, and the study tips this to jump to $500 billion by 2025. The APAC region generally will see stellar growth in business travel - up from $400 billion this year to $900 billion in 2025. Amadeus says that a lot of the growth will come from emerging South East Asian markets such as Indonesia, Thailand, Malaysia and the Philippines as well as the usual suspects China and India. Find out more.

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Richard Stern's curator insight, August 7, 2015 9:33 AM

 The most trusted source of advice comes from peers and colleagues rather than the general sites. If the reviews from peers and colleagues can be integrated into the booking tools, then lookers of the reviews might become bookers of the travel.

Our customers tend to stay with GTI Travel for long term. Part of the reason is expertise and being in this ever changing market for over 42 years. Reviews from booking tools will help but actual booking should be done by an expert.