New research for Business Travel Market says frugal habits likely to linger
A survey released to mark the first Business Travel Market, which takes place at Excel London 17-18 June, has found 86 per cent of travel buyers have been forced to cut costs because of the recession.
The Association of Corporate Travel Executives, who compiled the survey, spoke to a cross-section of travel buyers from the UK and Europe. Those surveyed, who had a travel policy in place, said they thought their cost-cutting measures would be retained after economic recovery.
BTM’s founder Paul Robin says: “It would appear that some of the travel restrictions that were forced on many business travellers have proved workable and will be here to stay.
“The survey implies that the changes have worked to reduce costs, business has continued and when we return to financial stability those changes that have worked well will remain in place. It would appear for the moment that cost saving comes before convenience and there is more focus on compliance to policy and reason to travel.”
Seventy-nine per cent of those questioned said they were making greater use of conference calls, webex and tele presence and 49 per cent said class of travel had been downgraded. Other cutbacks mentioned included holding same day meetings to avoid overnight stays, use of low-cost airlines and a reduction in the use of limos and taxis.