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Employees see business travel as opportunities to achieve their professional growth ambitions: 47% want to grow the company business, and 38% seek inspiration for their work
Over two in five (45%) say adding leisure time to a business trip makes them more successful in their business meetings
New Booking.com for Business research reveals the commonalities and variations in how employees across professions value travel and its impact on success at work
Business travel is valuable, if not essential, to achieving professional success today, not only because of its positive impact on businesses but also for the opportunities it offers employees to expand their horizons and reach their fullest potential. Five in ten (50%) working professionals globally say experiencing new cultures and destinations adds value to their job, a sentiment echoed most by those in the Technology and Computing (63%), Education (60%) and Banking and Professional Services (56%) sectors.
These are among the top findings of new research from Booking.com for Business, the global leader in connecting business travellers with the widest choice of places to stay. Conducted with more than 17,000 working professionals from 24 countries, the research reveals the extent to which they view business travel as essential to professional growth and business success, including key differences across professions.
Employees use business travel as opportunities for professional growth
When asked what they most hope to achieve when travelling for business, nearly half (47%) of working professionals cite growing their company’s business. But delving further into individual professions reveals a series of personal and professional growth ambitions:
Retail and Sales (45%) and Education (61%) professionals wish to gain inspiration to apply to their work (vs. 38% professional average)
The top goal for Medical and Health professionals (64%) is to learn a new skill they can apply to their job (vs. 31% professional average)
Understanding a new culture and its business impact is the top goal for Travel & Tourism professionals (39%), and also an aspiration for Management Consultants (37%) and Architects and Designers (36% vs. 30% professional average)
Across professions, travel also has a broader impact on business success
Half of working professionals (51%) say that being able to take a few off-the-clock hours during a business trip to enjoy the destination improves their performance in business meetings, a sentiment echoed most by Management Consultants (58%) and Architects and Designers (57%).
Despite the benefits of modern technology and real-time communications, a real business case for in-person meetings still exists. Globally, two-thirds (66%) of working professionals agree that travelling to meet clients or colleagues face-to-face is essential to business success, rising in importance for those in Banking and Professional Services (71% vs 66% avg.)
Business-ready accommodation is key to boosting business trip potential
Choosing the right accommodation plays a critical role in maximising the potential of a business trip. Five in ten professionals (51%) agree that travel and accommodation options that cater specifically to the business traveller are no longer optional, but essential.
A comfortable bed (56%) and strong Wi-Fi signal (47%) top the list of business accommodation must-haves, followed by a hearty breakfast (35%).The choice of accommodation is also strongly driven by location, with convenient access to meetings (47%) and placement in the city centre (36%) identified as top priorities for overnight stays. With Booking.com for Business, properties that have been favourably reviewed by prior business travellers and tick the boxes for these important business travel essentials are surfaced with priority in the search results.
When it comes to the most-booked business stay types across professions:
Architects and Designers are more likely to choose a boutique hotel (23% vs. 13% professional average) or a hi-tech, gadget-filled place to stay (24% vs. 18% average)
Perhaps due to increased scrutiny over corporate travel budgets, only 20% opt for ‘high end, luxury’ accommodation, driven by Management Consultants (26%) and Banking and Finance professionals (24%)
Those in Agriculture and Farming are more likely to opt for a place that exhibits ‘local charm’ (19% vs 13% average)
By making it easy to search, find and select accommodation from the wide variety of business-ready stays available today, Booking.com for Business helps connect business travellers with their ideal place to stay – whether that reflects their professional preferences, business trip objectives or overall lifestyle.
“Experiencing different cultures and destinations and gaining new perspectives through travel is becoming increasingly important to professional success, particularly in today’s hyper-connected and globalised business world. Regardless of profession, today’s business travellers are savvier about the value up for grabs, both for their companies and for themselves. Where they choose to stay is crucial in realising that value, with today’s business travellers seeking places that align with their specific, priority needs when it comes to location, flexibility and certain amenities,” says Ripsy Bandourian, Senior Director of Product Development at Booking.com for Business.
“Looking at our data and millions of business traveller reviews, we make it easier to find those stays recommended by other business travellers, without compromising on choice. Corporate travellers can enjoy flexibility and freedom to personalise and maximise a business stay experience, all while still working within a company’s policy.”
Research commissioned by Booking.com for Business and independently conducted among a sample of working professionals (full or part-time employed adults who have travelled internationally in the last 12 months), provided by Vitreous World. In total, 17,038 respondents were surveyed (1,000+ from the UK, US, Brazil, China, Germany, Italy, Spain, France, India and Russia and 500+ each from Australia, Argentina, Canada, Denmark, Hong Kong, Croatia, Indonesia, Japan, Mexico, Netherlands, New Zealand, Sweden, Thailand and Taiwan). Respondents completed an online survey from 3rd to 18th August 2017.
Established in 1996 in Amsterdam, Booking.com B.V. has grown from a small Dutch start-up to one of the largest travel e-commerce companies in the world. Part of The Priceline Group (NASDAQ: PCLN), Booking.com now employs more than 15,000 employees in 199 offices in 70 countries worldwide.
With a mission to empower people to experience the world, Booking.com invests in digital technology that helps take the friction out of travel. At Booking.com, we connect travellers with the world’s largest selection of incredible places to stay, including everything from apartments, vacation homes, and family-run B&Bs to 5-star luxury resorts, tree houses and even igloos. The Booking.com website and mobile apps are available in over 40 languages, offer over 1.4 million properties, and cover more than 120,000 destinations in 227 countries and territories worldwide.
Each day, more than 1.5 million room nights are reserved on our platform. So whether travelling for business or leisure, customers can instantly book their ideal accommodation quickly and easily with Booking.com, without booking fees and backed up by our promise to price match. Via our customer experience team, customers can reach Booking.com 24/7 for assistance and support in 43 languages, any time of the day or night.
About Booking.com for Business
Booking.com for business (www.booking.com/business) is a tailored offering specifically focused on business bookers and travellers to allow seamless booking and managing of business travel in the simplest, smartest and most rewarding way. More than one in five bookings made on Booking.com are made for business. Enhanced features for business travel on Booking.com highlight those places which are frequently used for business, tapping into its extensive review data to make easy work of finding those that are business traveller tested and approved. Booking.com for Business also provides a free tool for travel managers and assistants that allows booking on behalf of others. Booking.com for Business is a platform with enhanced functionality and reporting designed to meet the specific needs of corporate travel, while delivering the same ease as Booking.com enabling every business traveller to book with confidence, wherever their business takes them.