Business Travel Flashlight: Business Travel Facts & Trends
During the recession, corporations plan business flights with greater care
During this economic crisis, business travel is planned more carefully. This fact is substantiated by the decreasing percentage of cancelled and changed airline tickets in many countries that results in corporations profiting from lower cancellation and re-booking fees. This data was gathered in the course of a market study conducted by AirPlus, a global leader in business travel payment solutions.
In 2007, an average of 4.2 percent of all airline tickets was cancelled in Germany; today, this number is down to only 3.4 percent. A similar trend has been recorded in Switzerland, where cancellations decreased from 4.6 to 3.6 percent. In Italy, the cancellation rate sank from 4.9 to 3.8 percent. Changes are particularly noteworthy in Great Britain: in the course of two years, cancellations declined from 7.1 to currently 4.6 percent. Despite a two-percent decrease, France is still showing a relatively high cancellation rate for airline tickets of 9.1 percent. In the Netherlands, the cancellation rate sank from 6.8 to 5.7 percent. In the US, the percentage more than halved from 6.5 to 3.0 percent.
The AirPlus Business Travel Index is based on the analysis of more than 12 million flight bookings per year made by over 32,000 corporations worldwide.
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