Great news on the horizon for the global corporate housing community. Signs that the economy is improving and that business is beginning to take a positive turn toward international business travel are popping up everywhere. Supported by results of a global benchmarking survey conducted at the Worldwide ERC® Global Workforce Summit, up to 60 percent of the HR/Mobility professionals surveyed anticipate an increase in short-term assignments within Europe in the next year. Slightly over one-fourth of the respondents (28 percent) also believe the number of short-term assignments will remain the same, with only the remaining 12 percent predicting a decrease.
For now, however, the cost of business travel outside the United States depends largely on the answer to a single question: Is their trip to Europe or another part of the world? If the answer is the former, then the price of a hotel for the night and three square meals is likely to be much higher, as the 19 most expensive cities in the 2009 BTN International Corporate Travel Index are all in Europe.
European costs aside for the moment, the news is good on the business front. The economy is improving slowly, but it is improving. And business is beginning to take a a closer look at the year ahead and slowly growing their plans for travel in the future. That means opportunities for corporate and temporary housing providers are also expanding. A real reason to celebrate the New Year and look forward to a properous 2010 for all.