" The trip is a very seasonal activity, but the divergence between business and leisure observed in the first half of this year has been more marked than in the past . The finding is signed by Aurélien Nolf, finance director of NavanThis falls within the scope of the Navan Business Travel Benchmark (BTB) publication, which surveyed the travel market during the first half of the year.
In this report, Aurélien Nolf continues: " Although tourism as a whole has stagnated, businesses have continued to invest in face-to-face interactions because of their vital role in growth, customer service and team-building. In line with our expectations, BTB grew by 13.5 % year-on-year, driven by the strength and resilience of business travel ".
In detail, the business travel index for Navan reaches 189.1 points, its highest historical level according to the authors of the report. The gap with the TSA Passenger Index (121.1) thus reaches 68 points. Again, an «absolute record» according to the TMC. Navan Estimates that domestic spending has increased by 21.5 % % year-on-year, with the volume itself having increased by 8.8%. % Moreover, the volume of hotel reservations has jumped by 11.1% % in the domestic market % and by 9.8% internationally according to the report. Despite a significant increase (14.4%) in % the average price of tickets (ATP) across all classes, business travelers have preferred first class. The volume of business and first class travel has thus increased by 17% in % the domestic market and by 19.3% % internationally.
For Phil Mackintosh, Chief Economist at Nasdaq, " This latest barometer shows that companies continue to invest to conquer new markets and stimulate their growth, and that they are absorbing higher costs as a sign of confidence in the continuation of business. ".
