Global Business Traveler Report 2022 – Hong Kong
Nearly all business travelers are willing to travel this year, yet the way companies are managing the return to travel may prove problematic. The business travel trends show that most business travelers report their companies are returning to pre-pandemic travel levels but are spreading it among fewer employees, an approach that leaves the majority unhappy with their travel frequency.
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More than 3 in 5 (61%) Hong Kong business travelers report their current travel frequency is not meeting their expectations.
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Nearly 1 in 5 Hong Kong business travelers (19%) are traveling less than they’d prefer, and more than 2 in 5 (42%) are traveling more than they would like, the second highest of all markets (compared to 22% globally).
And while most of those traveling too little are willing to wait for things to improve, many who are on the road more than they’d like are ready to bring about the change themselves –even if that means a change of employers. But recruiting these eager travelers will come at a cost during this era of intense labor competition, as nearly all want extra perks to take a job requiring more travel.
Meeting business travelers’ expectations is likely the better option for companies, which includes ensuring their travel schedules meet needs as well as offering the travel flexibility they deem essential. Business travelers are focused on safeguarding their well-being amid lingering COVID-19 health and safety concerns. Sustainable travel continues to be a key consideration for business travelers as well, offering an additional opportunity for employers to cater to employees’ travel requirements.
These findings come from a survey of 3,850 business travelers across 25 global markets commissioned by SAP Concur through Wakefield Research.
