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Business Travel's Great Comeback “When is business travel coming back?” is one of the top questions on the minds of many city-based hotel general managers I have spoken to in the last few months. Unlike many resort destinations enjoying an unprecedented volume of business seven days a week, urban-center hotels are anxious to see the return of the road warriors to eliminate the peaks and valleys so many are experiencing. A survey by the American Hotel & Lodging Association (March 2022) found that 77% of business travelers agree that getting back on the road is essential. Similarly, 80% of employed workers agreed that face-to-face meetings are critical for their company’s success. Two years with limited in-person meetings have impacted productivity, collaboration, and relationships. Kalibri Lab has recently revised its forecast; it projects that business travel (BT) will reach 80% of 2019 results by the third quarter of 2022, which corresponds to the traditional busy fall season for individual corporate travelers visiting their field offices and clients. This is great news for hotels. With this improvement on the horizon, is your hotel ready to maximize the return of the businessperson? Here are some ideas to ensure your hotel is prepared:
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The great reset has begun, and urban centers are finally starting to experience improvement in performance. Don’t be left in the dust—be more prepared than your competitors to earn more business by winning the hearts of the business traveler. |
"In-person meetings provide a sense of intimacy, connection, and empathy that is difficult to replicate via video." – Paul Axtell, corporate trainer and author of the book Meetings Matter. "If you think adventure is dangerous, try routine; it’s lethal." – Paulo Coelho Take the Next Step Now Need help finding ways to generate revenue? Contact Jo-Anne at About Jo-Anne Hill Jo-Anne is an industry expert who founded JH Hospitality Consulting to help hotels around the world dramatically improve revenue and profitability in creative ways. Her strategic thinking, skill, and practical approach to problem-solving come from hands-on experience at companies such as The Ritz-Carlton Hotel Company, Four Seasons Hotels & Resorts, the Mandarin-Oriental Hotel Group, the Dorchester Collection, and Shangri-La Hotels & Resorts. Jo-Anne’s recently published book ‘Cultivating Leadership: How great leaders make a difference, one hotel at a time” dives deeper into the equation: happy staff = happy guests = more revenue. |