Sabre Corporation has released its findings from the 2017 Asia Pacific Corporate Traveller study. The Sabre Asia Pacific Travel Study surveyed corporate travel professionals from 19 key markets across the region, representing corporate travel management companies and travel agencies servicing corporate accounts. Countries covered included Afghanistan, Australia, Bangladesh, Brunei, Cambodia, China, Hong Kong, India, Japan, Malaysia, Nepal, New Zealand, Pakistan, Philippines, Singapore, South Korea, Sri Lanka, Taiwan and Thailand.
The three key trends in corporate travel revealed by the study are:
Almost half of all corporate travellers deviate from their corporate travel policy; making changes ahead of and during their trips
More than 43 percent of corporate travellers are deviating from company policy ahead of the trip and 42 percent are making changes while travelling. As companies strive to find the balance between driving compliance and increasing their corporate travellers’ satisfaction, respondents have seen corporations actively re-crafting their travel policies to accommodate more booking autonomy.
Rise of mobile and virtual payment technologies
80 percent of travel managers believe this is their top priority, highlighting the importance placed on moving towards a mobile first strategy. 66 percent also quoted looking at alternative forms of payment technology as a high priority area for them.
Premium economy – A new corporate favourite
Amid economic uncertainty, companies are cutting back on premium class air travel and, as such, premium economy options have become the next best alternative, without significantly impacting travellers’ comfort. 81 percent of corporate travel managers are seeing an increase in premium economy bookings.