Thursday, 9 February 2012
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Corporate travel a GFC victor: survey

Tuesday, 10 August 2010
 
   

As the damage caused by the global financial crisis (GFC) is swept into balance sheets, the Australian corporate travel industry announced it breezed through the past financial year and expects a steady future.

The latest survey from Travelscene Corporate, which polled major corporate suppliers in travel, trade, government and associated industries, revealed 67 per cent of respondents posted an increase in revenue over the past financial year.

When asked of their expectations for the coming fiscal year, 40 per cent of the corporate industry specialists surveyed were "extremely optimistic', while the rest forecasted steady revenue.

Travelscene Corporate General Manager David Padman said it was the adaptability if the corporate travel industry and resilient and dedicated travel agents that prompted the survey's results.

"Our industry was definitely put through a test during the GFC and has come out on top with a steady future ahead," Mr Padman said.

More than half of the survey's respondents feel fundamental changes to the corporate travel industry will result from the recent economic downturn, pointing to smaller changes such as increased supplier renegotiations and travel policy enforcement.

"A revolution in corporate travel has arrived, and it is about how we adapt to this transition that will see us remaining as leaders in the industry," Mr Padman said.
 
Source = e-Travel Blackboard: G.A
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