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Jan 30, 2006
Barclaycard has announced
the results of the 10th edition of its annual Business Travel Survey,
which details the impact of economy and technology on business travel over the
next ten years.
Results show that
increased use of technology will reduce demand for business travel in the next
10 years, from 2.4 per week in 2004-2005 to 2.0 per week in 2015. Video
conferencing, for example, is expected to be used by 50% of workers by 2015
compared to 26% at present.
The survey also
reveals that changes in the global economy will have the biggest impact on
business travelers in the next decade. While distances traveled for business
are predicted to increase, growth will be seen at a slower rate than the 32%
increase between 1996-07 and 2005-06. The report also pointed out that long
haul air and rail services will see the most growth, with business travel to
global destinations expected to increase. With long haul travel increasing, the
number of flights taken per business traveler will rise by 12% from 7.6 flights
per year in 2005-06 to 8.5 flights in 2015.
The report also
says distance traveled per month will rise to approximately 700 miles per
person, compared to 609 miles currently. In addition, Barclaycard is predicting
that business people will on average spend an extra night away from home each
month, up from 4.1 nights in 2005-06 to 5.2 nights in 2015.
Low cost air
travel is predicted to be near saturation point and will level off, with 74%
of business travelers expected to use
these services in 2015, no change from 2005-06. Meanwhile, the number of
business travelers regularly using trains is predicted to drop from 34% in
2005-06 to 25% in 2015.
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