Sharing economy 'significantly influencing' business travel

Shared economySharing economy is now "significantly influencing" business travel says Global Business Travel Association (GBTA), with ride sharing services now allowed by half (50 per cent) of all corporate travel policies.

The association says road services like Uber and Lyft have been added to 6 per cent of all corporate travel policy plans, a jump from 44 per cent in June 2016, while home sharing services such as Airbnb are now offered by 30 per cent of corporate policies.

The findings have been published in the Global Business Travel Association (GBTA) Business Traveller Sentiment Index report, in partnership with American Express.

Use of ride sharing services increased 21 per cent since June, with the majority (71 per cent) of travellers saying they anticipate using these services about the same amount and 18 per cent saying their use would increase.

When it came to home sharing services, business travel use jumped 20 per cent, with 72 per cent of travellers saying their use would remain the same and 13 per cent saying it would increase.

Susan Chapman Hughes, senior vice president, American Express Global commercial payments, said: "The sharing economy trends that have come to define personal travel are now significantly influencing business travel as well.

"However, nearly one in five travellers are still unsure whether their employer’s policies allow for sharing-economy services; making it especially important for companies to communicate clear details about the services and amenities that their policy covers."

The results came from an online study conducted by GBTA Foundation, of 3,220 business travellers living in the United Kingdom and seven other countries across the world.

Source: www.meetpie.com

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