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1、 CVENT EVOLUTION OF CORPORATE TRAVEL REPORT2024EVOLUTON OF CORPORATE TRAVEL REPORTWelcome to the 2024 Evolution of Corporate Travel Report.INTRODUCTIONWHO WE SURVEYEDKEY FINDING 1 Travel managers expect corporate travel to increase in the next few years.KEY FINDING 2Companies prefer to travel rather

2、 than utilize virtual options.KEY FINDING 3 Travel volume and budget have seen an equally mixed recovery.KEY FINDING 4Organizations have more hoteling options from different brands and brand scales compared to before the pandemic.KEY FINDING 5Flexible pricing is desired,yet companies dont want to fo

3、rego fixed pricing.KEY FINDING 6Three-quarters of organizations have dedicated travel departments.KEY FINDING 7Travel departments are sufficiently staffed now and most plan to expand in the coming years.KEY FINDING 8Companies evaluate cost,quality,and usability features when picking vendors.EXECUTIV

4、E SUMMARYKEY FINDINGS BY THE NUMBERS:84%Are more likely to travel for events and conferences than use virtual meetings.34%An equal proportion of companies have seen an increase in travel volume(33%),a decrease in travel volume(34%),or a return to pre-pandemic levels(34%),compared to before the pande

5、mic.59%59%Source hotels from different brand scales,and 51%from different hotel brands,compared to before the pandemic.84%Of travel departments are sufficiently staffed.Are likely to increase their travel budget in the next three years.89%49%Prefer to have both fixed-rate and dynamic pricing,while 2

6、6%prefer only fixed-rate pricing.81%Have their travel department set corporate travel priorities at their organization.93%Say cost is the most important factor for selecting a vendor.WHO WE SURVEYEDIn June 2023,Cvent surveyed over 200 travel managers in North America.Millennials(54%)and Gen X(34%)wi