Travel Reservations - OrangeSmile Tours
Best destinations around the world - Travel Guide

Find the right hotel

Hotel Business News and Analytics
Important! This article is written by orangesmile.com editors and is protected by copyright law. The article can only be re-used with a direct link to www.orangesmile.com

Business Travel to be Back on Track in 2013

News Even though 2012 was not a good year for business travel, experts forecast 2013 to be a lot more successful in terms of earnings from business customers. The improvement will be noticeable despite the fact that there is still both political and economic uncertainty in many regions of the world.

Travel spending of US business visitors is expected to add 4.6% in 2013 and estimate US$266.7 billion. However, the number of business travellers is forecasted to fall by 1.1% to 431.8 million person-trips. US business travellers are also expected to make more international trips – this figure is expected to add 5.9%. Group trips will also return their positions slowly and will add 5.6% in 2013.

The growth of spending is expected to increase slowly. In the first quarter it will be approximately 2%, then it will be 2.9% in the second quarter. In the third quarter the growth is expected to go up to 6.4%, and end the year with 7.2%.

The growth of the international outbound business tourism estimated just 0.7% in 2012. Economic challenges in the Eurozone were one of the biggest reasons for that. It even had the negative effect on business travel in the United States and Asia.

Even though the Eurozone will keep struggling with its problems in 2013, the growth of retail sales in China is a good sign. China is even called an engine for the international outbound business travel.

In 2012, the spending of group travel added only 1.3% for the whole year. After such a challenging year experts foresee group business travels to grow. Today, business companies capitalize and seek new opportunities on new markets. This means that more in-person meetings and events will be held in different parts of the world, helping local hotels to develop and improve their results.


Previous article / Back to news index

Stay in touch with the latest news of a worldwide hotel industry. All up-to-date analytics, reports, and news about hotel business trends on OrangeSmile.com.

Our travel services
 Car Rental
Car Hire Worldwide
 News in languages
 Top 10 destinations
79 hotels
53 hotels
799 hotels
Gran Canaria
280 hotels
50 hotels
73 hotels
147 hotels
479 hotels
42 hotels
89 hotels