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What Travel Management Companies Need to know about Bleisure

Given the lack of long holiday scopes, most of the standard business or corporate trips are preceded or succeeded by two to three days of personal trips. Probably, this is how the new global business travelers’ definition would be for the new age millennials. Although this basic definition might not fit into all bleisure trips, which is why it is difficult to determine the complete extent of the bleisure phenomenon. Nevertheless, it allows detecting the trends and variations in the bleisure segment and also understanding its mechanism.

Tying in leisure services to enhance business travel

The projected growth of the millennials in the travel industry promises a growing uptake of bleisure travel in the coming years. The TMCs can create the contrivance for managing the crossover business and leisure trip within effective budget plans. What matters is whether the employees taking this discount offer of leisure travel can bring back greater incentive to the company. Also, it is essential to keep in mind the impact in the employers’ policy planning in the overall picture.

Traveling for business created brouhaha in the travel industry as it comes with the chance to leisurely explore new destinations. The 2014 Bleisure Report by Bridgestreet Global Hospitality showed that 20% of 35 to 64 year employees combined a business tour with leisure holiday1. It also showed that about 94% of employees under 35 year old are most likely to indulge in a bleisure trip. Desultory planning also affects the overall budget of the trip.

Thus, to carry the patina of this blip trend of the travel industry, TMCs need to keep in mind certain factor such as:

How to split the accommodations between leisure and business days?
How to manage the cost coverage till the end of the meeting?
How many leisure days will be accommodated with the business trip
What major factors to keep in mind for the expense reports of a bleisure trip?

As a travel provider, you might be in quandary whether to tag leisure travel options with business trips. When a third party is involved like TMC, the three operational areas need to be satisfied i.e. the employee travel, budget control and adhering to compliance. The sole perspective of bleisure trips is to create a favorable procurement option from travel suppliers.