The business travel market is bouncing back after the pandemic shock, and the new normal is spawning catchphrases like ‘digital nomads,’ ‘bleisure,’ and ‘return to base,’ which are going to shape the corporate travel sector going forward. Meanwhile, cutting-edge technologies, such as artificial intelligence (AI), the internet of things (IoT), and virtual and augmented realities (VR/AR), continue to aid travel businesses in automating their workflows, streamlining their processes, and enhancing accuracy, convenience, and efficiency. As a result of such trends, the business travel market is projected to grow from last year’s $1.46 billion to $2.46 billion by 2029 at a CAGR of 6.73 percent.
To put the spotlight on such key developments in the domain, Travel and Hospitality Tech Outlook highlights the vital technological advancements in the business travel space and how corporates leverage them to implement an efficient business travel strategy. The edition features thought leadership articles from Vineeth Purushothaman, Regional Director, Commercial Planning and Distribution EMEA, at Wyndham Hotels & Resorts, Patrice Simon, CTO, Data and Analytics, at CWT, and Deanne Chang, Director of Revenue Management at Langham Hospitality Group, who throw light on the recent technological innovations in the business travel sector and how those advancements are aiding companies in keeping a pulse on employee needs and facilitating more flexible corporate travel policies.
In this edition of Travel and Hospitality Tech Outlook magazine, we also bring you the story of some of the top travel solutions providers in Europe that deliver the best outcomes for their clients, including Travel Planet, a firm that’s revolutionising the business travel domain with its intuitive technology platform, Click & Control, which provides end-to-end travel management solutions and services under a single roof.
Through the following pages, we aim to shine a light on the innovative trends and latest developments in the business travel space. We would like to know your thoughts.