Travel Buyers still favouring price over quality.

Bottom Line still top priority?

26 May 2014
Travel buyers are increasingly shifting air and train bookings from business to economy in order to help bolster the bottom line.

Despite travel budgets increasing an average in 4% in 2014 alone, travel management are still favouring low cost/less flexible fares as companies look at ways to reduce their corporate spend. As the economy improves clients still remain focused on reducing their travel expenditure as they seek to manage costs and contribute to organisational profitability.

Advance purchase economy fares saw the biggest increase with 35% of buyers switching from business fares, while restrictive economy fares saw a modest increase of 8%.

Recent economic uncertainty has seemingly driven corporates to continue to refocus on their bottom line and to acknowledge that cost-effective corporate travel is a contributory factor to a healthy cost base.

Will corporate travel management start to relax in terms of spend or has the recent recession left a lasting imprint on travel buyers for years to come?
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