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Written by Akshaya Manoharan on March 28, 2023 Share on

Corporate Travel: Why it’s Booming with 77% Growth in Hectic Business Activity?

Corporate travel is set to thrive this year with a 77% growth in hectic business activity. According to a recent study, the business travel industry is bouncing back from the pandemic with a vengeance. In this article, we’ll take a closer look at the key drivers of this growth and explore how businesses can benefit from the trend.

The Drivers of Corporate Travel Growth:

One of the main drivers of corporate travel growth is the rise in business activity. As businesses expand and look to explore new markets, corporate travel becomes a necessity. Another factor driving corporate travel growth is the need for face-to-face interactions. While virtual meetings have become more common during the pandemic, many businesses still believe that in-person meetings are more effective. 

The Benefits of Corporate Travel:

Corporate travel can bring many benefits to businesses. For starters, it can help businesses build stronger relationships with clients and partners. Face-to-face meetings can help establish trust and strengthen existing relationships.

Corporate travel can also provide valuable opportunities for networking. Attending conferences and events can help businesses connect with potential clients, partners, and investors.

How Businesses Can Maximise the Benefits of Corporate Travel:

To maximize the benefits of corporate travel, businesses need to plan their trips carefully. Here are some tips to help businesses get the most out of their corporate travel:

  1. Set clear objectives: Before embarking on a corporate travel trip, businesses should define clear objectives for the trip. This will help them focus on what they want to achieve and ensure that they get the most out of the trip.
  2. Choose the right destinations: Businesses should choose destinations that align with their business objectives. For example, if they’re looking to expand into a new market, they should choose a destination that offers opportunities in that market.
  3. Attend the right events: Attending the right events can be critical to the success of a corporate travel trip. Businesses should research events and conferences that align with their business objectives and attend those that provide the most value.
  4. Stay connected: While on the trip, businesses should stay connected with their clients, partners, and employees back home. This will help them stay on top of any developments and ensure that they’re able to respond to any issues quickly.

NOTE: The information mentioned above has been referenced and is based on material from other news organisations. Please consult other first hand news sourc

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