Rosy Prospects for Business Travel

International corporate travel group reveals promising figures for 2010.

In another sign of the evolving turnaround in business travel in 2010, the international corporate travel services organisation Hogg Robinson Group has reported promising half-year results for the period ending 30 September. Clients are spending 22% more on business travel at the UK-based company, as revenues rose by 9% to £169.2 million (€ 202 million) “with growth across all travel regions”.

In the 12 months to 30 September 2010, the group’s net debt fell by the equivalent of €12.2 million to €102 million. The company managed to retain 90% of its clients during the period. Hogg Robinson Group says that its customers are increasingly asking for online booking capabilities, pushing it to improve its range of user-friendly technology.

As for events this year that were disruptive to the travel industry, the group reports that the volcanic ash cloud in the spring actually drummed up business as the company managed repatriations and other contingency plans. This offset the travel disruption that the cloud initially caused. “Uncertainty about the global economy will continue, but we are encouraged by the current signs of recovery in corporate travel,” Hogg Robinson Group CEO David Radcliffe commented.

Travel Trade Recruitment [photo: Lufthansa Business Lounge, Munich]


Check Also

Lufthansa, profit, 2017, record, Eurowings, pilots, air Berlin, Swiss, Austrian, Brussels, cargo, Spohr, CEO, contract, outlook, fuel

Lufthansa soars to record profits, up 33%

The German giant’s fortunes are boosted by the Air Berlin bankruptcy and by ending a pilot dispute.

Qantas, branding, marketing, Lufthansa, KLM, United Airlines, livery, design, dreaming, dots, events, special, one-off

Airlines use custom liveries for special events

Qantas, United, KLM and Lufthansa have all revealed eye-catching new livery designs recently.

Boeing, Airbus, A340, dreamliner, goode, space, hidden, room, planes, design, crew, rest, relax

Many planes hide a ‘secret room’

Much of the vacant space on wide-body aircraft goes unused – but not all of it.

Frankfurt, charges, airlines, airport, Main, Hahn, low-cost, Ryanair, Lufthansa, base, aircraft

Ryanair shifts more routes to Frankfurt Airport

Planes are disappearing from Frankfurt-Hahn since the sale of the airport to China’s HNA Group.

Star Alliance, airlines, digital, technology, share, data, members, mobile, app, website, seat, book, interoperability

Star Alliance improves digital inter-usability

The alliance creates a digital services platform for customers using more than one member airline.

Infare, Harald Eisenaecher, appointment, management, Lufthansa, Sabre, airfare, pricing, intelligence, technology

Top executive joins Danish airfare intelligence firm

Danish provider of intelligence worldwide appoints Sabre and Lufthansa veteran.