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Business travel is an integral part of running a successful corporate organization. Whether it involves attending conferences, meeting clients, or negotiating deals, travel is often an essential component of corporate life. However, with the ever-changing landscape of business travel, it can be challenging to keep up with the latest news and trends. That’s where the Corporate Travel Index (CTI) comes in.
What is the Corporate Travel Index?
The Corporate Travel Index is an annual report compiled by Business Travel News (BTN) that provides insights into the latest trends and developments in corporate travel. The report is based on extensive research, including surveys of corporate travel managers and analysis of industry data.
What does the Corporate Travel Index cover?
The Corporate Travel Index covers a wide range of topics related to corporate travel, including airfare pricing trends, hotel rates, rental car costs, and other key metrics. The report also includes insights into traveler behavior, such as booking patterns and preferred travel suppliers.
Why is the Corporate Travel Index important?
The Corporate Travel Index is an essential tool for corporate travel managers and other professionals who are involved in managing corporate travel. By providing insights into the latest trends and developments in the industry, the Corporate Travel Index can help organizations make informed decisions about their travel policies and budgets.
What are some key findings from the latest Corporate Travel Index?
The latest Corporate Travel Index, published in 2021, revealed several key findings. For example, airfares for domestic flights in the US decreased by 6.8% in 2020, while hotel rates declined by an average of 18.3%. The report also found that despite the pandemic, many companies continued to invest in their corporate travel programs, with 40% of respondents reporting that their travel budgets remained unchanged.
How can I access the Corporate Travel Index?
The Corporate Travel Index is available through Business Travel News. You can access the report by subscribing to BTN or by purchasing a copy directly from their website.
Conclusion
The Corporate Travel Index is an indispensable resource for anyone involved in corporate travel. By providing insights into the latest trends and developments in the industry, the report can help organizations make informed decisions about their travel policies and budgets. Whether you’re a corporate travel manager, a business traveler, or simply someone interested in the world of corporate travel, the Corporate Travel Index is an essential tool.