Business Travel Growth

At Looking4Parking we this year we have put large amounts of time and effort into growing our relations with businesses. We have started up some corporate accounts with large companies such as Asda and Cruise.co.uk which have brought us substantial amounts of business.

We realised that there was a large Business travel market and with the addition of new corporate accounts we could get the best outcome for both us and the customer. Firstly saving the customer money whilst bringing in more bookings for Looking4Parking.

A report by The Guild of Travel Management Companies (GTMC) states that air bookings are up 9% on a year ago in the first quarter. There's also good news for rail and hotel transactions which are also up 9%, with car rental bookings showing the strongest growth at an astonishing 10%.

The results were revealed at the GTMC conference in Abu Dhabi at the weekend by Chief executive Anne Godfrey.

However, the news is not all good. Analysis of the figures over the last 3 years show that short-haul business travel bookings lagging way behind long haul.

PricewaterhouseCoopers travel and leisure partner David Trunkfield told the conference: “We are half way through a strong cyclical upswing which is likely to continue for two to three years.” At the same time, he warned: “It seems travel experiences a shock every two to three years.”

He added: “UK business traffic is recovering, but there is some weakness in the UK economic recovery.  We will probably see a squeeze on business travel in the public sector over the next 18 months, given the cuts in that sector. If global GDP growth slackens off it will impact on how much traffic comes through over the next two to three years.”

Here at Looking4Parking we have also noticed the growth in business travel customers, also due to the fact we continually improve on price and service. So if you are looking for Airport Parking look no further than Looking4Parking.