Demand for Extended Stay
The gig economy, super commuters, infrastructure builders, other project-based workers, and even smart, self-sufficient, and value-conscious leisure travelers, are helping to boost demand for one of the fastest growing segments of the hotel industry: Extended Stay. Why are so many independent travelers and economic decision makers choosing extended stay hotels? Business travelers who stay five or more nights in a hotel currently comprise more than one-quarter of the demand for the nation’s 56,000 hotels and 5.2 million rooms. Extended stay inventory currently represents just 8% of total rooms with more than 50,000 more rooms in the pipeline. What is the appeal and opportunity for extended stay within man¬aged travel? Read on as this white paper highlights the value of extended stay for managed travel and workers paying for their own lodging... Download Now!
The Millennial Shift in Business Travel
Few topics in recent years have captured the business travel industry’s collective attention as has the spread of Millennials in the workforce. The habits and desires of today’s youngest workers, and their perceptions of structured travel programs and established processes, have transfixed travel managers and suppliers alike as all strategize ways to attract the interest and influence behavior of travelers 35 and younger. A “seismic change” is underway in the workplace, according to Randstad and Future Workplace as in 2016 “3.6 million Baby Boomers are set to retire, one-fourth of Millennial workers will take on management roles and Generation Z (born between 1994 and 2010) start to enter the workforce.” Learn more, including insights and recommendations from a BTN Group webinar in this Executive Summary.... Download Now!
Reimagining Corporate Travel
Content fragmentation, supplier-direct initiatives, new technology and apps and increasingly frustrated travelers all challenge travel managers to find the right formula of old tricks and new techniques to maintain an effective travel programs. Learn the strategies offered by panelists during a BTN Group webinar in this Executive Summary.... Download Now!More White Papers