|New York, NY – May
2017 / Newsmaker Alert / Ovation
Corporate Travel, the 5th largest travel management agency in the U.S.
by volume, according to Business Travel News, has published its Annual
Business Travel Index, providing a snapshot of the past 5 years’ worth
of Financial Services Firm Industry, Law Firm Industry and Multi-Industry-Mix
Business Travel average prices paid for air and hotel as well as domestic
and international travel patterns.
Visit www.ovationtravel.com/lp-2017-annual-business-travel-index to download Ovation's 2017 Annual Business Travel Index.
The Annual Index contains 5 years of data findings, charted quarterly, illustrating the following statistics:
“In 2016 we saw the average prices paid for both domestic and international flights remain near or below 2015 average prices paid across all three Indexes,” noted Executive Vice President, Michael Steiner. “Probably more notable is the fact that 2016 rates, specifically in the domestic market, were consistently below average airfare rates paid in 2012, 2013 and 2015; this is true for every quarter of the year and regardless of industry. It will be interesting to see if these relatively lower prices we’ve seen in 2015 and 2016 for airfares will extend into 2017 and beyond. On the hotel side, the domestic average hotel rate paid has increased pretty steadily, year over year, since 2012. Internationally we’ve seen the average hotel rate paid decreasing since 2013.”
Ovation services over 700 clients, including over 225 financial services firm clients and over 200 law firms through its law firm-focused sister company, Lawyers Travel; data for these indexes was culled from a cross-industry-sample of clients within each of these areas.
To download Ovation's 2017 Annual Business Travel Index visit www.ovationtravel.com/lp-2017-annual-business-travel-index.