GTMC first quarter transaction figures solid
- Category: Agency & Association
- Created on Friday, 04 May 2012 16:25
GTMC first quarter transaction figures solidThe GTMC, the UK’s leading professional industry body representing travel management companies, has published its first quarter 2012 transaction survey. The survey monitors a range of services offered by travel management companies and highlights trends in the business travel sector. Overall transactions for the first quarter showed an increase of 6% over the same period last year; the strongest performance in twelve months.
GTMC air transactions were in line with BSP figures and remain flat, although both sales and average transaction values for GTMC members showed an increase in the fist quarter. Growth in hotel bookings slowed to 3% year on year, while rail bookings recovered from a blip a year ago and show a very healthy growth of 14% when compared to the first quarter in 2011.
But it is car hire that continues to outperform other modes of travel with a fifth consecutive quarter of double digit growth – quarter one showed 10% growth against the same period in 2011, with the three previous quarters showing 21%, 16% and 10% growth.
Sales of other services, which include consultancy services, ferries, visas, currency exchange and Meet & Greet are ahead by 10% over the same quarter in 2011.
GTMC chief executive Anne Godfrey said: “ The GTMC transaction figures for the first quarter in 2012 are solid, if unspectacular, however, they do contrast with trends in leisure travel and recent GDP data which hints at a double dip recession. I wonder if business travel is bucking the trend?” The annual GTMC conference takes place in Doha, Qatar, next week (11-13 May). Speakers include Akbar al Baker, chief executive at Qatar Airways; Scott Field, head of online travel at Google; and Laurie Kirschner, head of category, marketing solutions at LinkedIn.