Business Travel Outlook for 2018

March 16, 2018 by · Leave a Comment 

Things are looking good for business travel. According to a recent survey by The GO Group, LLC, a ground transportation company that operates shuttle services to over 90 airports, the percentage of respondents expecting to do more business travel is almost double what was anticipated in 2016 (27 percent vs 15 percent). A mere six percent of travelers thought they’d travel less.

This is a major change from 10 years ago, when the Great Recession, saw a major drop in business travel as well as vacation/personal travel. But as the economy has improved, consumer confidence is on the rise, business travel spending is up, and more people are hopping on board airplanes and staying in hotels around the country and throughout the world.

Business travel often means working in an airport between flights. This is a photo of a white MacBook Pro taken in the Hong Kong airport.And when travel dropped 10 years ago, we saw a big rise in unemployment in the travel industry — fewer business travel opportunities meant fewer airline passengers and hotel nights, which had a ripple effect on the entire industry.

When it improved, there were key gains felt throughout the world. According to a report from the World Travel & Tourism Council,

. . . travel and tourism directly contributed US$2.3 trillion and 109 million jobs worldwide. Taking its wider indirect and induced impacts into account, the sector contributed US$7.6 trillion to the global economy and supported 292 million jobs in 2016. This was equal to 10.2% of the world’s GDP, and approximately 1 in 10 of all jobs.

Similarly, GO Group President John McCarthy believes this anticipated uptick in travel should have a “huge impact on airlines, hotels, and related industries.” McCarthy sees this increase as having nothing but positive implications for those seeking jobs within both the travel and tourism sectors.

Although an equal percentage of the respondents (27 percent) expected to see no change in the amount of business travel they would do in 2018, 39 percent were unsure how their travel schedules would be affected by their companies’ growth strategies. But the term “growth strategies” is heartening enough to make us think travel will continue to rise.

What plans do you have for business travel in 2018? Are you going to increase, decrease, or keep it about the same? Tell us about it in the comments below, on our Facebook page,  or in our Twitter stream.

Photo credit: Mark Hillary (Flickr, Creative Commons 2.0)

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