Embassy Suites recently did their fourth annual business travel survey. Last year, they surveys showed that the vast majority of business travelers who had less face time with clients reported it had a negative impact on their business. Many lost deals, and some lost clients altogether! It seemed quite obvious to me that technology can’t replace face to face interaction, so I’m happy to report that this survey shows business travel is again on the rise.
- Fewer business travelers are citing cut backs on travel due to the economy—32% this year vs. 41% in 2011.
- Instead, travelers are being more frugal—looking for better hotel values (22%) or cutting back on meal expenditures (19%).
- In addition, road warriors are looking for more out of their hotels—including more space (46%), free breakfasts (70%), and HD TVs (42%).
My thoughts: I have definitely noticed an uptick in travel for Q1 of 2012 compared to this time last year, and this trend will be continuing for me through Q2. Thinking back on it, I have been spending less on incidentals, but not on purpose—it’s just happened. And while I love space and free breakfast, it makes me laugh that so many people want HD TVs in their hotel room. Although since giving up cable last year I must say I really enjoy watching HGTV and Sex and the City reruns in hotels…..
Readers, what has your experience been? Are travel cut backs getting better?