Business traveling in numbers
By definition, a business travel is a travel taken for work or business purposes, without including daily commutes, leisure travel, or holidays.
During the COVID-19 pandemic, different countries have different restrictions and measures regarding travel in general, but also about business travels in particular. Travel Perk has an interesting guideline for you in order to keep you safe while business traveling, including risk assessment.
Whatever the case, business travel is an interesting phenomenon in the tourism industry. Did you know that, although business travelers only account for 12% of the flights, they generate around twice as much money per person as non-business travelers?
Today we bring some statistics and numbers about business travels! At the end of this post, you’ll be an expert on business trips. Keep on reading!
Let’s start with some general facts and statistics about global business trips:
- The largest business travel market is located in China, with a total of $346.5 billion in 2017.
- India and Indonesia have the fastest growing business travel markets, with 11.3% and 8.7% respectively.
- New York City is the most expensive city for business trips ($799 per day), followed by Geneva ($716 daily), Zurich ($661), Washington DC ($621 daily), and Paris ($617).
- Hong Kong is the most expensive city in Asia for business trips, with a $515 per day cost.
« Bleisure »
Have you ever heard about the term « bleisure »? By definition, it is a trip that combines both business and leisure. Firstly used in 2009 by the Future Laboratory, a bleisure trip happens when « individuals combine leisure with professional business obligation when abroad »
Some stats and numbers regarding bleisure:
- « Bleisure » trips grew up to 20% from 2016 to 2017.
- Around 40% of business trips are extended for leisure purposes.
- 43% of conferences or conventions business trips will turn into bleisure trips.
- 84% of bleisure trips are less than three days in one city, while 20% of bleisure trips longer than three days take place in more than one city.
- Why transform a business trip into a bleisure trip?
- 66% bleisure travelers say that the reason is they like the destination they’re traveling too and want to explore it more in-depth.
- 51% said they turn business trips into bleisure around the weekends.
Demographics – who is more likely to travel for business?
- 77% of business travelers are men.
- 55% of all business trips are taken by 30 – 49 years old.
- 40% of Millennials will travel for business, and two-thirds of those young travelers see business trips as a status symbol.
What about you? Have you ever extended your business trip, and bleisure it all the way? Or you haven’t traveled for work before?
Wherever you go and for whatever reasons, remember to download our app, so you can find the nearest certified shop. Leave your luggage, let us take care of it, and enjoy your bleisure trip!