GetThere Corporate Travel Benchmark Survey revealed that while business travel is increasing, corporations focus on reducing travel expenses. 61 % of respondents expect their travel budgets to increase up to 10% in 2011 and nearly a third expect their travel budgets to increase up to five percent. . Yet corporations continue to cut travel costs by achieving higher adoption rates of online travel booking tools.
Online adoption rates continue to rise in every region. As a result of higher online adoption rates, respondents reported the following savings:
- An average savings of 70 percent on agency fees
- An average savings of 18 percent and 24 percent on domestic and international airfares, respectively
- An average savings of 12 percent and 31 percent on domestic and international hotel rates, respectively.
- Average rental car rental savings were 4 percent domestically and 18 percent internationally
A not-for-profit initiative of The Stark Group, Stark Tourism Forum was conceived to meet the growing need for credible and in-depth information on various aspects of the ever-changing tourism industry. Stark Tourism Forum provides comprehensive services in three key areas - Knowledge & Intelligence, Strategy, Development & Marketing.
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