Egencia Releases 2012 Corporate Travel Global Benchmarking Study And Travel Manager Research

LONDON, PARIS, MUNICH and BRUSSELS, July 4, 2012 /PRNewswire/ --

Overall ADRs and ATPs increase in most business destinations; companies more willing to permit front of cabin travel for long-haul flights

Egencia ^®, an Expedia, Inc. company, today unveiled its 2012 Global Corporate Travel Benchmarking Study and Travel Manager Research. The study evaluates the current business travel landscape and supply environment for air, hotel and rail inventory. Focusing on top domestic and international business destinations in Europe, North America and Asia-Pacific, Egencia analysed industry trends, supplier data and capacity implications in Q1 2012. Additionally, Egencia surveyed over 300 travel buyers globally identifying current trends and challenges.

"We want to ensure our customers succeed in today's industry landscape, and that they have the right tools to optimise their business travel programmes and policies to the best of their ability," said Rob Greyber, President, Egencia. "This study does just that - it provides businesses with key insight into air, hotel and train pricing in today's market, with tips on how to navigate successfully through a constantly evolving business travel environment."

The study reveals that companies are sending their employees on the road again, tempered by a growing emphasis on cost control and efficiency for corporate travel.  Based on Egencia's Q1 global supply research, the following is a summary of the 2012 pricing environment:  

• For air travel, European points-of-sale, ATPs (Average Ticket Prices) for European destinations increased nearly 6% YoY (compared to a decrease of 8% YoY in 2011). The increased ATPs can be attributed to rising fuel prices and airline load factors have slightly increased, with suppliers carefully managing capacity.

• For air travel, North American points-of-sale, ATPs for North America showed increases approximately 6% in nearly all business destinations due to increasing cost pressures, especially higher fuel prices and a limited increase in supply.

• For air travel, ATPs for intra-APAC destinations increased 3% YoY.

• The hotel environment worldwide experienced an Average Daily Rates (ADRs) increase in the majority of destinations. ADRs increased an average of 3.3% in Europe, 6% in North America, and 5.7% in Asia-Pacific.  

" From our end, we can see 2 trends: on the one hand, companies keep slowly investing in business travel; on the other hand, air and hotel pricing environment is increasing. But opportunities for savings can still be found and the TMC has an important role to play ", said Germain Huber, Vice President, Supplier Relations & Consulting, Egencia EMEA .  " With this in mind, Egencia developed integrated solutions to its booking website. To name a few: The Air Fare benchmarking tool helps our clients take the right decision on air tickets depending on the average price. Egencia Hotel helps monitor and control hotel spend while bringing satisfaction to bookers/travellers. "

The full Egencia 2012 Corporate Travel Global Benchmarking Study and Travel Manager Research can be downloaded here: https://www.egencia.fr/newsimages/infoflash/2012_UK_Global_Benchmarking_Guide.pdf

Average Ticket Prices (ATPs)

Europe

ATPs for European destinations experienced an increase of nearly six percent YoY. Increased ATPs can be attributed to rising fuel prices and tightly managed capacity by airlines. Decreased ATPs can be attributed to overall financial vulnerability of the Euro-zone, increased competition from low cost carriers, and increased competition with high speed rail.

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