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Opportunities for Entrepreneurs in The Business Travel Market Presented by Lamon, Milly, Safwat & Simon.

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Presentation on theme: "Opportunities for Entrepreneurs in The Business Travel Market Presented by Lamon, Milly, Safwat & Simon."— Presentation transcript:

1 Opportunities for Entrepreneurs in The Business Travel Market Presented by Lamon, Milly, Safwat & Simon

2 Today’s Presentation Introduction to the business travel market Introduction to the business travel market Analysis of the current market Analysis of the current market Competitor analysis Competitor analysis Venture opportunities Venture opportunities Conclusions Conclusions References References

3 Introduction

4 SWOT Analysis of the Current Market Growth of business travel to India & China Growth of business travel to India & China Strong UK economy (currency) Strong UK economy (currency) Growth in ABC1 travellers Growth in ABC1 travellers Strengths

5 SWOT Analysis of the Current Market UK airports are overloaded UK airports are overloaded Low margins on flight bookings Low margins on flight bookings Low margins on hotel bookings Low margins on hotel bookings Weaknesses

6 SWOT Analysis of the Current Market Olympic games in China, then London Olympic games in China, then London Many UK companies are actively outsourcing Many UK companies are actively outsourcing The emergence of low-cost long haul (Jet Airways, Air Asia X) The emergence of low-cost long haul (Jet Airways, Air Asia X) Technology/communications developments Technology/communications developments Opportunities

7 SWOT Analysis of the Current Market Terrorism Terrorism Environmental lobby / taxation Environmental lobby / taxation Health fears (bird flu, SARS) Health fears (bird flu, SARS) Videoconferencing Videoconferencing Threats

8 Competitors

9 Opportunities Chinese Government incentives Chinese Government incentives Indian Government incentives Indian Government incentives British Council British Council Politically supported

10 Opportunities Capacity within Chinese and Indian companies Capacity within Chinese and Indian companies SMEs ready to take advantage of outsourcing SMEs ready to take advantage of outsourcing Economically supported

11 Opportunities Desire for ‘play’ to be attached to business travel (socially responsible to travel once only) Desire for ‘play’ to be attached to business travel (socially responsible to travel once only) Luxury / high end possibilities Luxury / high end possibilities Decrease fears from an alien culture (hand-holding, medical support) Decrease fears from an alien culture (hand-holding, medical support) Socio-culturally supported

12 Opportunities Management information shared between UK and overseas agent using virtual private networks (VPN) Management information shared between UK and overseas agent using virtual private networks (VPN) Friendly E-booking systems Friendly E-booking systems Technologically supported

13 Conclusions

14 Business travel Any questions?


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