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Corporate travel is on the rise in Asia-Pacific: Sabre

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Sabre Corporation, the leading technology provider in the global travel industry, has revealed the survey insight from over 70 corporate travel management companies (TMCs) from across Asia Pacific, on latest trends in terms of regional bookings. The survey discloses that as economic growth continues to sweep across the region, more companies are expecting their corporate travel managers for door-to-door travel booking solutions, demanding expense integration and most importantly, to identify cost saving opportunities. “The results of this survey reflect the critical role of TMCs in assuring the business success of their clients. More than ever, members of the travel industry need to work closely together to enable a smooth, relevant shopping experience for the traveller,” said Todd Arthur, Vice President, Sabre Travel Network, Asia Pacific. Almost 7 in 10 (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 minimize spending. While premium economy continues to gain ground in the region, 1 travel manager in 3 has recorded an increase of close to 5 percent in premium economy bookings over the last year. As travel-related expenses become a central consideration for companies, the survey also reveals that downgrades, shifting reservations from business to economy class, account for close to 40 percent of their bookings. What’s more, almost 1 in 4 have identified a significant increase in their LCC share of volume. The survey also reveals that 32 percent of respondents expect solutions that enable mobile booking capacities will become mainstream within the next two years, but only 10 percent believe that virtual payment solutions will gain widespread acceptance – an unfortunate conclusion, as virtual payments …

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