For Immediate Release - April 11, 2019 - Ovation Travel Group, one of the largest independently owned travel management companies in the U.S., has published its Annual Business Travel Index, providing a snapshot of the past 5 years’ worth of Multi-Industry, Financial Services Firm Industry and Law Firm Industry Business Travel average prices paid for air and hotel as well as domestic and international travel patterns. The Index also includes a year-over-year analysis of “Negotiated Hotel Room Rates by City” which takes a city-by-city look at negotiated hotel room rates in the top hotel markets for Ovation’s proprietary Preferred Hotel Partners Program showing either average percentage increase or decrease in a city’s negotiated room rates, year-over-year for 2019 and 2018, as compared to each preceding year.
Click here to download Ovation's 2019 Annual Business Travel Index.
- Average airfare price paid Domestically and Internationally
- Average hotel rate paid Domestically and Internationally
- Percentage breakdown of Economy, Business Class and First Class tickets
- Percentage breakdown of Domestic and International tickets
- Percentage year-over-year increase/decrease for negotiated hotel room rates in top hotel markets Domestically and Internationally
Ovation utilizes this high-level analysis to identify quarterly and annual trends and to benchmark individual client activity against a ‘yardstick’ representing over $260 million (Multi-Industry-Mix Business Travel Index), $65 million (Financial Services Firm Business Travel Index) and $220 million (Law Firm Business Travel Index) in annual air and hotel spend. The data serves as a resource in determining opportunities for strengthening clients’ travel programs in such areas as travel policy adjustment, service enhancements and supplier negotiations.
Ovation serves over 700 clients, including over 250 financial services firm clients and over 200 law firms through its law firm-focused sister company, Lawyers Travel. Data for these indexes was culled from a cross-industry-sample of clients within each of these areas.
To download Ovation's 2019 Annual Business Travel Index click here.