Travel Agents

STUDY: 65 per cent of APAC corporate travel managers pressured to find cost savings

More and more companies are expecting their corporate travel managers to contribute to their business success in the Asia-Pacific region, new research has revealed.

The study, conducted by travel tech player Sabre, found that 65 per cent respondents admit they are asked to identify cost savings, and this cost-conscious approach is encouraging travel managers to find new ways to minimise spending.

While premium economy continues to gain ground in the APAC region, one in three travel managers has recorded an increase of close to five per cent in premium economy bookings over the last year.

As travel-related expenses become a central consideration for companies, the survey also revealed that downgrades, shifting reservations from business to economy class, account for close to 40 per cent of their bookings.

What’s more, almost one in four have identified a significant increase in their LCC share of volume.

The survey also revealed that 32 per cent of respondents expect solutions that enable mobile booking capacities will become mainstream within the next two years, but only 10 per cent believe that virtual payment solutions will gain widespread acceptance.

Furthermore, Sabre found that robust travel policies and better visibility of the total cost of trips are anticipated to become much more important in the next two years.

Travel policy compliance remains an important cause for concern, with 76 per cent of respondents indicating that travellers are using online consumer sites offering lower fares and rates to shop for their travel.

SEE WHAT PEOPLE ARE SAYING

Leave a Reply

You must be logged in to post a comment.

Destinations

Bali rocked by off-shore earthquake

by Christian Fleetwood

An off-shore earthquake has struck the south of the Indonesian tourist hotspot, with reports of damaged and evacuated hotels.

Share

CommentComments

Travel Agents

Brisbane lands Flight Centre’s Global Gathering in 2020 + pics from this year’s big event!

Do you wish you could’ve attended Flight Centre’s recent Global Gathering? Live vicariously through this collection of candid pics.

Share

CommentComments

Aviation

Boeing ‘renames’ Ryanair’s 737 MAX

by Christian Fleetwood

If images posted on social media are anything to go by, in the era of deepfakes, it looks like the embroiled 737 MAX brand is getting a cosmetic touch-up.

Share

CommentComments

Tourism

Two Australians gored by bulls at controversial San Fermin festival

by Christian Fleetwood

Two Aussies who have obviously read too much Hemingway have been gored by a bull on the final day of the controversial San Fermin Festival.

Share

CommentComments

Aviation

Aussie model avoids 21-year jail sentence for assaulting flight attendant

A former Miss Universe Australia finalist has broken down crying in a US court after avoiding a 21-year jail sentence for assaulting a flight attendant.

Share

CommentComments

Aviation

Aviation wrap: Emirates’ global sale, Royal Brunei Airlines’ new Brisbane flights + more

We do hope that you’re so wrapped about this week’s aviation wrap that you write a rap about it.

Share

CommentComments

Destinations

Hundreds of protesters storm famous Paris monument

Police on the scene said 200 to 300 protesters entered the well-known landmark where French national heroes including Voltaire and Victor Hugo are buried.

Share

CommentComments

Events

How to win at The Travel Awards

Planning to enter The Travel Awards this year? Consider this a very handy cheat sheet of sorts.

Share

CommentComments

Wholesalers

Thomas Cook rescue deal could do more harm than good, says expert

by Huntley Mitchell

Were you under the assumption that Thomas Cook was extinct? Well, as this story proves, the dinosaur of the travel industry is still clinging on – but only just.

Share

CommentComments

Aviation

Wild winds and IT outage wreak havoc at Sydney Airport

by Christian Fleetwood

Travellers flying from Sydney Airport have been met with massive delays due to an Australian Border Force outage and gale force winds.

Share

CommentComments

Wholesalers

Wholesaler wrap: Viva Holidays says hello to Harry Potter, Wendy Wu’s early bird specials + more!

It’s Monday, folks, and that means two things: it’s time for our weekly wholesaler wrap, and for some hair-of-the-dog treatment for Travel Weekly’s editor at the local pub.

Share

CommentComments

Destinations

“How ridiculous”: Pauline Hanson likens Uluru climbing ban to closing Bondi Beach

by Huntley Mitchell

In an interview that is sure to have many an Aussie giving themselves a face palm, outspoken One Nation leader Pauline Hanson has provided her take on the Uluru climbing ban.

Share

CommentComments