Orbitz for Business Releases Third Quarter Business Travel Index

Published on : Wednesday, November 13, 2013

Orbitz promo codeBusiness travelers offset a 5 percent increase in domestic airfares in the third quarter of 2013 by booking tickets 14 days or more in advance nearly half the time, coupled with staying at hotels averaging $141 or less per night two-thirds of the time, according to an Orbitz for Business analysis of business travel trends.

 

 

Booking airfare with at least 14 days notice gives travelers a wider range of available schedule options, while employers benefit from fares that cost up to 38 percent less on average than tickets booked with three days advance notice or less, according to benchmarking analytics from Prime Numbers Technology.

 

 

Advance Purchase* % Segments Booked, Q3 2013 Year-over-year Change Average Fare Per Segment, Q3 2013 Year-over-year Change
> 21 days 30% 8% $187 +4%
14-21 days 21% 11% $205 +3%
7-13 days 26% 9% $248 +9%
4-6 days 17% 8% $303 +8%
0-3 days 6% 2% $316 +10%

*Travel booked without a Saturday stay

Overall, the cost of air travel rose across the board in the quarter, with increases of 5 percent domestically and 4 percent internationally, compared to the same quarter last year.

 

 

Average Fare Per Segment, Q3 2012 Average Fare Per Segment, Q3 2013 Year-over-year Change
Domestic $220 $232 +5%
International $880 $914 +4%

 

 

Travel bookings made using the Orbitz for Business mobile solution also remained strong in the third quarter, growing 62 percent overall compared to the same period of 2012. Looking at specific products, hotel rooms represented 57 percent of all bookings made using the mobile solution, while car rentals and airfare bookings accounted for 24 and 19 percent, respectively.

 

 

“We see a continuing trend of business travelers using online tools to save their companies money,” said Mark Walton, Orbitz for Business vice president of strategy and account management. “Innovative products such as the Orbitz for Business mobile tool will continue to help companies manage their travel costs effectively.”

 

 

Other notable findings include:

 

 

Hotel Tiers

During the third quarter 2013, Orbitz for Business customers saw hotel room costs that were up slightly in a year-over-year comparison with the same period in 2012 – except in the Economy tier where rooms were 7 percent less expensive than in the third quarter.

 

 

Hotel Tier % Room Nights Booked, Q3 2013 Average Cost Per Night, Q3 2013 Year-over-year Change
Luxury 2% $228 +3%
Upper Upscale 31% $165 Flat
Upscale 29% $141 +1%
Upper Midscale 26% $118 +3%
Midscale 10% $105 +1%
Economy 2% $85 -7%

 

 

Top Cities

Chicago was the top city among Orbitz for Business customers` domestic air itineraries, with each of the top five segments including O`Hare International Airport.

Rank/City Pair Average Fare Per Segment, Q3 2013 Year-over-year Change
1. Chicago (O`Hare)/New York (LaGuardia) $187 +13
2. Chicago (O`Hare)/Dallas-Fort Worth $229 +2%
3. Chicago (O`Hare)/San Francisco $252 -2%
4. Chicago (O`Hare)/Minneapolis $134 +21%
5. Chicago (O`Hare)/Newark $278 +16%

 

 

Chicago also ranked first in number of domestic hotel stays by Orbitz for Business travelers in the third quarter 2013, followed by Dallas, Boston, Atlanta and New York.

Rank/City Average Cost Per Night, Q3 2013 Year-over-year Change
1. Chicago $165 +2%
2. Dallas $154 +3%
3. Boston $207 +6%
4. Atlanta $117 +1%
5. New York $282 -10%

 

 

London remained the top international city among Orbitz for Business customers, with three of the top five air itineraries including Heathrow Airport.

Rank/City Pair Average Fare Per Segment, Q3 2013 Year-over-year Change
1. London/New York (JFK) $1,112 +4%
2. Chicago (O`Hare)/London $1,003 +3%
3. Hong Kong/San Francisco $1,255 +9%
4. Boston/London $1,352 +8%
5. London/Newark $1,123 +10%

 

 

London also ranked first in number of international hotel stays by Orbitz for Business travelers in the third quarter 2013, followed by Hong Kong, Sao Paulo, Amsterdam and Shanghai.

Rank/City Average Cost Per Night, Q3 2013 Year-over-year Change
1. London $324 +1%
2. Hong Kong $313 +17%
3. Sao Paulo $282 +28%
4. Amsterdam $226 +8%
5. Shanghai $204 +23%

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