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P4 BUSINESS TRAVEL OPERATIONS - Factors that affect business travel
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- PEARSON (PEARSON)
BUSINESS TRAVEL OPERATIONS 3 Factors that affect business travel: - Changes in the Global Economy - Technology - Health Epidemics
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BUSINESS TRAVEL OPERATIONSFactors that affect business travel
Changes in the Global Economy
A recession is when the economy declines significantly for at least six months.
People often say a recession is when the GDP growth rate is negative for two
consecutive quarters or more. But a recession can quietly begin before the
quarterly gross domestic product reports are out. As the UK finds itself in the
grip of an economic downturn, businesses are looking to find cheaper ways of
completing regional travel and international travel trips, according to easyJet.
In the last 12 months, 45 million passengers flew on easyJet services. During
2006-2007 there has been a 3.1% increase in business travel as more people
are travelling for business purposes. However, the recession has made
business travel decrease as there is an increase in fuel charges and makes
flying more expensive. Businesses have also made budget cuts and cut out
unnecessary transport and transfers. The exchange rate also affects the global
economy as if the pound gets devaluated; business people will not want to
travel to the UK as it will work out expensive. Travelodge sales have increased
by 63% in the last three years, this shows that business companies are
obviously booking their employees into lower-cost accommodation. Hilton
hotels are also offering rooms at lower rates as they are competing with the
cheaper hotels for the custom. Since the recession, business people are more
likely to connect other colleagues in different branches/ locations via some
form of technology.
Technology
Telephone conferences are meetings where participants dial into a distributed
telephone number and they can all hear each other. You may add your name
as you contribute to the conference.
Web conferences take place all over the internet and can incorporate sound
and cameras or just talk by basic live messaging. E-meetings are very similar as
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