Traveling for business purposes is becoming increasingly common in this decade. As technology advances, so does our ability to stay connected to our audiences and stakeholders. This means more people are taking trips for work-related reasons than ever before. Business travel provides a unique opportunity to develop relationships with clients and colleagues, explore new markets, and gain valuable insight into the industry.
Flying is often the most practical way to travel for business, which is why airlines have seen a year-on-year increase in passengers. Commercial carriers offer convenient and affordable flights for short trips. Still, private aircraft are the only option when it comes to longer distances with comfort and amenities to more exclusive destinations. If you want to learn about the 2023 trends for the business travel industry, keep reading!
4 Trends For The Business Travel Industry
1) Unconventional Accommodations
Recently, non-traditional accommodations have become more popular among business travelers who are open to staying somewhere other than a typical chain hotel. An increasing number of people are choosing to stay in apartments or other lodgings that feel more like home.
Executives are finding that smaller boutique hotels and home-like accommodations better allow them to explore their business destination, as they provide more opportunities for innovation. Additionally, more travelers are choosing to stay further away from the city center to prioritize comfort and proximity to leisure activities.
2) Business Mixed With Pleasure
The rise of bleisure travel (Business + Leisure) has resulted in more employees looking to do more than work during their trips away from the office. This is an important outcome of the demographic shift in corporate travel as the workforce becomes younger.
Bleisure travelers take trips that combine business and leisure activities once every two to three months. More than half of all international business travelers plan to extend their business trips to add some leisure time at their destination.
3) Self-Booking
The rise of self-booking options for business professionals may be due in part to the generational shift in corporate travelers. Millennials, who now make up a large portion of the workforce, prefer self-booking to find flights and accommodations that meet their preferences.
4) Flexible Corporate Travel Policies
People planning a trip are now more inclined to use resources other than those recommended by their employer. With the rise of popularity in non-traditional accommodations, many corporations are finding that their travel policies need to become more flexible to offer employees better availability with a broader range of property and rate options.
Step Up Your Business With Our Aircraft Financing Options
As you can see, the business travel industry is on its way to becoming bigger and better than ever before. If you’re searching for a way to take your business to the next level, consider getting an aircraft loan from AirFleet Capital. We offer competitive rates on private aircraft financing so you can have the necessary funds to start or expand your airline.
You can calculate your estimated monthly payments with our aircraft loan calculator here. To apply, all you have to do is fill out the form, and our team of experts will be in touch with you shortly!