Business travel going the economy route

The ordinary person believes that business travelers love to splurge on hotels, airlines and outlandish amenities while on company work because after all, the company picks up the tab. Not quite true in the age of the great American fitness fever! Overindulgence and opulence (except in the case of celebrities) are rarely regarded favorably! The Average American wants value for money, regardless of who’s picking up the tab.

A travelmole report
of a study on biz travelers by Runzheimer International points out that 74% of travel managers surveyed in the study reported that biz travelers frequently used “economy type” hotels. As economy hotels have gotten ahead in the amenity game (free high-speed Internet, complimentary breakfast, business services, free in-room coffee & iron), business travelers are getting a taste of value-for-money.

The good times in the hotel industry have also helped in no small measure. Occasionally, even the fussiest traveler has to settle for a budget hotel or bed & breakfast inn. That’s when they discover that hotels in different segments are not really worlds apart!

Published by

Vijay Dandapani

Co-founder and president of a New York based hotel company for 24 years. Grew the firm to five hotels in Manhattan and also developed a greenfield project at MacArthur airport, New York. Speaker at numerous prestigious forums including Economy Hotels World Asia, Lodging Conference, NYU, Columbia University Real Estate Roundtable, Baruch College's Zicklin School and ALIS. President and ceo of New York City Hotel Association since January 2017.