Foreword
The Middle East Corporate Travel report examines the challenges that hotels and airlines have faced and the trends that have emerged in the wake of the downturn as companies cut back on travel expenses. The report also looks at the growth prospects for the sector, which are looking more positive as the region’s economy improves and companies lift their travel restrictions.
Report Contents
Hotels, airlines adapt to tight corporate travel budgets »
The financial crisis wreaked havoc on the corporate travel market in the Middle East as companies slashed their travel budgets as part of a wave of belt tightening brought on by the downturn. Compounding the challenges facing hotels and airlines in the region was the rise of low-cost competitors, which gave business travellers more options when planning their trips.-
» Budget hotels seek to tap UAE corporate travel market
An increasing number of budget hotels are targeting the UAE in hopes of attracting business travellers who have been trading down to less expensive accommodation as a result of corporate belt tightening brought on by the financial crisis.
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» Middle East corporate travel outlook looks bright
The forecast for corporate travel in the Middle East is looking stronger for the fourth quarter and beyond as the region’s economy shows signs of improvement. Many companies have lifted their travel bans that were imposed during the downturn and hotels and airlines are seeing a rise in bookings.
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» The changing face of corporate travel - the agency perspective
Corporate Travel in the Middle East is arriving at a crossroads. Before long decisions will need to be made by corporate customers across the region as to what is truly important to them in terms of service, cost savings, security and sustainability.
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