generalasianhospitality.com··1 min·For: Revenue, GM, Owner
42% of Corporate Travelers Book Off-Policy
An FCM Consulting report reveals that out-of-policy bookings and rising travel costs are draining corporate budgets despite Q3 global hotel rates dipping to $216. The findings highlight challenges for managed travel programs, including policy compliance and tracking trip ROI.
Key Takeaways
- 1In the Americas, 42% of corporate travelers book hotels outside official company travel policies.
- 2Global hotel rates averaged $216 in Q3, down from Q2 but up 0.9% year-over-year.
- 3Agreed corporate rates with last-room availability are honored only 60% to 85% of the time.
Source: asianhospitality.com
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