Travel Leaders Finds Business Travelers Save on Advance Airline Bookings
Travel Leaders Corporate released travel data for its corporate clients’ fourth quarter and yearly business travel bookings that indicates a slight shift away from last-minute travel and a significant cost savings in airfare when booking in advance of the travel date. Clients booking domestic airline tickets 14 or more days in advance of their trip saved nearly 23 percent over those booking less than seven days in advance, and savings were 18 percent more than those booking seven to 13 days in advance. Travel Leaders Corporate is a division of Travel Leaders Group, the travel management company.
“We’re seeing a shift in business travelers’ booking behavior,” said Travel Leaders Corporate President David Holyoke. “We’ve been able to demonstrate to our clients that they can save significantly on travel expenses by booking their airfare in advance. In fact, since 2010, we have seen a 10 percent increase in travelers booking 14 or more days prior to their trip. During the same time period, the number of transactions where clients booked less than six days in advance went down 8 percent.
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