With all the doom and gloom being forecasted this week, it is good to hear news that the business travel market appears to be on the rebound...
According to those fabulous fellows at Travelmole, business travel is showing early signs of stabilisation against the backdrop of the worst global recession since the 1930s, as reported by Hogg Robinson Group today...
The group saw half year pre-tax profits almost halve to £3.3 million...
Revenue for the six months ending September 30 was down by nine per cent to £155.3 million over the same period a year earlier...
HRG said the frequency of travel on business by clients had reduced in the half year...
The period saw clients trading down, an increased level of online booking and greater use of technology, more use of advance bookings and restricted tickets, a re-negotiation of supplier deals and stronger travel policy compliance...
In a week where we have reported the financial problems being suffered by so many sectors within the travel and tourism industry, this is all really good news...
For more information on this, please go to http://www.travelmole.com/stories/1139684.php?mpnlog=1&m_id=s~bvs~bm
Barticus.
According to those fabulous fellows at Travelmole, business travel is showing early signs of stabilisation against the backdrop of the worst global recession since the 1930s, as reported by Hogg Robinson Group today...
The group saw half year pre-tax profits almost halve to £3.3 million...
Revenue for the six months ending September 30 was down by nine per cent to £155.3 million over the same period a year earlier...
HRG said the frequency of travel on business by clients had reduced in the half year...
The period saw clients trading down, an increased level of online booking and greater use of technology, more use of advance bookings and restricted tickets, a re-negotiation of supplier deals and stronger travel policy compliance...
In a week where we have reported the financial problems being suffered by so many sectors within the travel and tourism industry, this is all really good news...
For more information on this, please go to http://www.travelmole.com/stories/1139684.php?mpnlog=1&m_id=s~bvs~bm
Barticus.
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