It has been reported that large companies are catching up with small and medium-sized enterprises by resuming business trips.
While small businesses have led the post-pandemic recovery in business travel, corporations are also increasing their business trip bookings, Reuters reports. report Tuesday (June 4th).
Hotel CEO in attendance NYU International Hospitality Industry Investment Conference He also said companies are prioritizing domestic business travel over international travel, small and medium-sized businesses are increasing repeat business by holding meetings more frequently and closer to home, and industry associations are booking events as much as seven years in advance. In order to They will be able to get the dates and locations they want, according to the report.
In most cases, the prices these customers are paying are higher than they were before the pandemic, according to the report.
American Express Global Business Travel In May, Amex GBT announced that its global multinational customers Business Travel In the first quarter, it outpaced growth in small and medium-sized business travel for the first time since the pandemic recovery.
“Global multinationals saw very strong same-store sales growth in several areas, including approximately 30 percent growth in the first quarter, led by technology,” the Amex GBT CEO said. Paul Abbott Said May “We also saw double-digit growth in professional services, pharmaceuticals, mining, energy and utilities,” the company said on a conference call announcing its quarterly earnings.
April 25th, American Airlines Said Business Travel It's been a steady rise, coinciding with a resurgence in the leisure travel sector over the past three years.
The company achieved record revenue in the first quarter and saw robust growth in business travel, particularly among small and medium-sized businesses.
American Airlines CEO Robert Isom The company highlighted this positive trend during an April 25 conference call with analysts and investors, noting that capacity growth is being outpaced by a “recovery in managed corporate travel and sequential improvement in revenue growth in our domestic business.”
delta Airlines report I saw it in April Corporate Travel Demand accelerated in the first quarter, driven by growth as large companies resumed business travel, especially among technology and consumer services companies. and Financial services sector.
The company said it expects this trend to continue, with 90% of businesses surveyed expecting travel volume to increase or remain stable.
