Certify's quarterly SpendSmart report shows an increase in ride-hailing use among business travelers, although car rentals and taxis are still holding their ground in certain markets.
Eighty percent of survey respondents made time for themselves during business trips. Ninety-two percent of bosses supported employees taking part in non-work-related activities.
In the second quarter 2017, ride-hailing service Uber gained 2% to claim 55% of ground transportation overall, according to the Certify SpendSmart Report. Taxi dropped to 8% while car rental saw a two-point decline in business travel transactions.
Despite global uncertainties, business travel spending is expected to advance 6% in 2018, followed by 7% growth in 2019 and 2020. China continues to top business travel spending for the second straight year.
A new report by the Global Business Travel Association (GBTA) Foundation found that U.S. businesses spent $424 billion to send travelers out on the road for 514.4 million domestic business trips in 2016.
In 2017, the Global Business Travel Association (GBTA) forecasts a loss of over $1.3 billion in travel-related expenditures for U.S. business travelers, including rental cars, hotels, and food.
According to the Certify SpendSmart Report for Q1 2017, ride hailing now accounts for 59% of all ground transportation transactions. Car rental accounts for 31% of transactions while the taxi industry only takes 10%.
According to a poll by the Global Business Travel Association (GBTA), 47% of European travel professionals expect some reduction in U.S. business travel for their company following President Trump’s executive order on travel.
In the week following Trump’s travel ban, approximately $185 million in business travel bookings were lost as the uncertainty surrounding travel in general had a rippling effect on traveler confidence, according to the GBTA Foundation's latest business travel forecast.
Sixt receives three World Travel Awards for its car rental service, luxury cars, and limousine service.
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