Frugal trends in post-recession travel

Corporates look to save money on travel costs during the post-recession recovery process...

While the global travel bans that prevented executives from flying anywhere internationally, conducting overseas business or attending global conferences have been rescinded, today it seems that businesses are going budget.

Instead of sipping champagne in the luxury of the business-class section, today executives are flying economy, and even favouring low cost carriers in order to save the pennies. You only have to look at the sheer number of airlines that have ditched their first and business class sections completely to see that demand is dwindling for the premium seats.

One TMC said that the post-recession travel budgets were unlikely to ever return to pre-2009 levels. "The travel industry will never be the same as we experienced before. Times have changed."

With corporates cutting back so much, TMCs will have to make some pretty serious changes to the way they do business if they are going to remain profitable in this new frugal travel environment.

Source: Arabian Business