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  • Growth of Business Trips Stable But Early Signs of a Possible Slowdown : TripAdvisor

    Published on September 26, 2012

    New Delhi : Resonating the global sentiment, the annual India Business Travel Survey by TripAdvisor®, the world’s largest travel site, reports a mixed outlook for business travel for 2012. The survey was taken by over 1300 respondents with a cross section working in government, public sector, private companies, multinationals as well as self employed.  While the survey results suggest that growth in business travel in 2012 has been confident in the face of softening economic growth, it also reveals that companies are slowly but surely becoming conscientious and watchful of their travel expenses, which could be symptomatic of an imminent slowdown.

    Domestic business trips in 2012 have increased or stayed the same for 67% respondents with a decline for 33%. Even international business trips have increased for 40% respondents and remained unchanged for 28% with a fall in foreign travel for 32%. While both these numbers show that for majority of respondents, work related travel has been stable or shown an increase, but close to one-third of travellers who have witnessed a fall in their business trips from 2011 cannot be ignored.

    “While overall business travel has been strong and stable despite the current economic environment, there are signs of a potential impact on travel frequency and cost.  Survey results show over one-third of respondents confirming a decline in work trips this year from 2011, along with organizations growing careful and vigilant of their travel spends” said Nikhil Ganju, Country Manager, TripAdvisor India.

    He further added, “59% respondents acknowledged that their company has introduced some form of travel cost reduction measures like lowering grade of airline travel or fall in the average room night allowance. In fact 35% respondents among those who saw a drop in business trips in 2012 attributed it to cost cutting travel policies put in place by their organization.”

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