Business Traveler Behavior after the Great RecessionAcademic and Business Research Institute International Conference (AABRI)
AbstractThe recent “Great Recession” prompted traditional business travelers to alter typical travel spending habits. One apparent behavioral change for travelers, highlighted in the Bureau of Labor Statistics consumer expenditure data, identified travelers’ tendency to buy significantly more groceries after the recession. This multiyear, longitudinal study revealed that business travelers doubled the consumption of grocery items after the recession as a possible means for alleviating non-subsidized food and beverage expenses. The employed business person, whose travel expenditures are wholly or partially subsidized by an employer, also appeared to drastically reduce personal travel expenditures for traditionally non-subsidized purchases. This study suggests that business travelers’ food consumption, tourism expenditures, length of stay and shopping behavior were affected by the recent recession. In addition, the responsible agents for the travelers in this study appeared to apply a conventional strategy for reducing the recession’s impact on the profit margin by reducing the length of the trips.
LocationLas Vegas, NV
Citation InformationH. Leslie Furr, Mark A. Bonn and John Peden. "Business Traveler Behavior after the Great Recession" Academic and Business Research Institute International Conference (AABRI) (2013)
Available at: http://works.bepress.com/hleslie-furr/89/