Top Travel Trends of 2020 Revealed in New Corporate Travel Survey
Lola.com's new corporate travel survey unveils latest travel preferences, behaviors, and trends as millennials are having major impact on business travel
"Business travel is constantly evolving, and particularly as millennials join the business travel landscape in droves, their preferences are having a major impact on how business and travel suppliers approach corporate travel," said Mike Volpe, CEO of Lola.com. "This latest survey data helps us to understand frequent business travelers' needs and preferences as we continue to build the #1 rated travel management app in the industry."
Boston Consulting Group forecasts that by 2020, millennials will account for close to 50% (https://www.bcg.com/
Wellness has been growing in popularity in recent years, and the trend is clearly seeping into the travel industry. Over half of business travelers prefer to bring their own food on flights, and only 18% of travelers noted alcohol as a top drink choice on flights. Regarding other healthy habits, 82% of frequent travelers said they exercise regularly at home, and nearly half keep up with exercise while on the road.
"Bleisure" travel is a growing phenomenon, the idea of extending a business trip to include some personal travel in the same area or nearby location. Over 50% of frequent travelers say they prefer to extend their business trip to include personal time, rather than come straight home after work.
Today's corporate travelers are more empowered than ever to pick the options that work best for them, instead of being forced to follow overly prescriptive travel policies. As a result, business travelers are more able to exhibit brand loyalty and control the time and manner of their corporate travel. Sixty-six percent of travelers reported flight time options as the number one priority when choosing an airline for business travel, and 66% reported pricing as second, with 62% reporting direct flight options as their third priority.
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