Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A survey conducted by Travel Weekly in 2018 revealed that since 2014, revenue from leisure bookings has remained relatively constant andhasconsistentlybeenhigher than revenue from corporate
A survey conducted by Travel Weekly in 2018 revealed that since 2014, revenue from leisure bookings has remained relatively constant andhasconsistentlybeenhigher than revenue from corporate bookings.ProvideONEpossible reason for why leisure travel has been more popular than corporate travel in these recent years. Your answer does not need to be based on actual fact. The purpose is for you to evaluate what variables may impact the demand for corporate travel and/or demand for leisure travel and provide one possible explanation.
LEISURE SALES OUTPACE BUSINESS BOOKINGS The percentage of respondents' revenue from leisure bookings compared with corporate has remained constant over the past five years, with revenue from leisure bookings hovering between 82% and 84%, except for the dip to 78% in 2016. 100% 84% 84% 83% 82% O- O O O 80% 78% O 60% 2014 2015 2016 2017 2018Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started