Sabre has revealed the results of a survey that
compiles insight from over 70 corporate travel management
companies (TMCs) from across Asia Pacific, revealing the latest
trends in terms of regional bookings.
The survey shows that as economic growth
continues to sweep across the region, more and more companies are
expecting their corporate travel managers to contribute to their
business success, asking them to look for door-to-door travel
booking solutions, demanding expense integration and most
importantly, to identify cost saving opportunities.
Almost seven in ten (65%) respondents admit they are
asked to identify cost savings, and this cost-conscious approach
is encouraging travel managers to find new ways to minimize
While premium economy continues to gain ground in the
region, one travel manager in three has recorded an increase of close to
five percent in premium economy bookings over the last year.
travel-related expenses become a central consideration for
companies, the survey also reveals that downgrades, shifting
reservations from business to economy class, account for close to
40% of their bookings.
What’s more, almost one in four have
identified a significant increase in their LCC share of volume.
The survey also reveals that 32% of
respondents expect solutions that enable mobile booking capacities
will become mainstream within the next two years, but only 10%
believe that virtual payment solutions will gain widespread
Finally, the Sabre Corporate Travel Survey also
reveals that robust travel policies and better visibility of the
total cost of trips are anticipated to become much more important
in the next 2 years.
Travel policy compliance remains an important
cause for concern, with 76% of respondents indicating that
travellers are using online consumer sites offering lower fares
and rates to shop for their travel.
“The results of this survey reflect the critical
role of TMCs in assuring the business success of their clients,
and Sabre is pleased to supply cutting-edge technology solutions
that fuel this valuable partnership,” said Todd Arthur, Vice
President, Sabre Travel Network, Asia Pacific. “More than ever,
members of the travel industry need to work closely together to
enable a smooth, relevant shopping experience for the traveller.
For Sabre, collaboration with leading TMCs is enabling our ability
to innovate and to continually reimagine the business of travel.”