Global Business Travel Association Releases Business Traveler Study 2014: The Cost of Mishaps
Proquest LLC |
Air travel mishaps, such as delayed flights, cancelled flights and missed connections, are by far the most common travel problem encountered, according to a release from
Nearly 90 percent of business travelers who experienced problems while traveling, experienced at least one mishap related to air travel, according to a new study by the
The study was sponsored by
"Travel-related issues, including delays, cancelations and evacuations, are an unfortunate aspect of business travel," said GBTA Vice President of Research
-Air travel mishaps, by far the most common mishap (87 percent), took nearly 11 hours to resolve and cost
-Only about a quarter of travelers were able to "complete their business responsibilities without delay" following their most negative mishap. Travelers who missed work because of their mishap missed an average of 2.3 days. Travelers said their most negative mishap took more than 12 hours to resolve.
-Cancelled flights are perceived as having the "most negative impact" by 52 percent of travelers who have experienced this mishap and at least one different mishap, ranking higher than medical emergencies and lost luggage.
-More than 40 percent of respondents indicated their travel mishaps occurred abroad, resulting in an average total cost of
Almost half of travelers had travel insurance when their negative mishap occurred. Thirty-seven percent of travelers who did not have travel insurance when their most negative mishap occurred said they will start using it within the next year. That number jumps 62 percent when the mishap takes place abroad.
More information and complete details:
((Comments on this story may be sent to [email protected]))
Copyright: | (c) 2014 ProQuest Information and Learning Company; All Rights Reserved. |
Wordcount: | 363 |
Anthem Blue Cross and Blue Shield Survey Finds Americans Want to Safeguard Family’s Financial Wellbeing
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News