Ovation Releases Quarterly Business Travel Indexes
Indexes compare past twelve quarters’ trends for law, financial services, and aggregate industries.
Ovation Travel Group, the 6th largest corporate travel management company by sales volume in the United States as ranked by Business Travel News, announced today that it has released its quarterly Business Travel Indexes through the fourth quarter of 2011. The Corporate Business Travel Index, Financial Services Firm Business Travel Index and Law Firm Business Travel Index are updated quarterly.
The Indexes compare the preceding twelve quarters’ (i.e., 3 years) travel patterns for each group. Data includes:
- Average airfare price paid by quarter
- Average hotel rate paid by quarter
- Overall average airfare ticket price by quarter
- Breakdown of the percentage first, business, and economy class tickets by quarter
- Breakdown of the percentage domestic vs. international tickets by quarter
To view the indexes online, go to: http://ovationtravel.com/press/2011Q4Index.pdf
The Corporate Business Travel Index data is culled from a cross-industry-sample of clients, representing over $100,000,000 in annual air spend. The Financial Services Firm Business Travel Index data is culled from a cross-sample of financial services industry clients, representing over $50,000,000 in annual air spend. The Law Firm Business Travel Index data is culled from a cross-sample of Lawyers Travel’s (a division of the Ovation Travel Group) law firm clients, representing over $70,000,000 in annual air spend.
About Ovation Travel Group
Ovation Travel Group is a $600 million corporate travel management company providing comprehensive travel solutions to over 700 leading professional services firms and corporations, representing over 200,000 travelers. Ovation’s travel management solutions include corporate travel spend analysis and travel policy development; customized reporting; vendor negotiations; air, hotel, train and car reservations; risk management; online bookings; leisure travel; and meeting and special events planning. Founded in 1984 and headquartered in New York, Ovation is among the top 6 travel management companies in the US by sales volume. Ovation Travel Group includes Ovation Corporate Travel, Lawyers Travel and Ovation Vacations. Ovation also provides global solutions in over 90 countries.
Ovation Corporate Travel