The travel and tourism industry is one of the largest industries in the United States. According to statista, business travel contributed up to $274.7 billion in 2013 – 29.2% of all travel and tourism. Although this may seem high, it’s only estimated to increase within the years to come as domestic business trips are predicted to reach 480.5 million by 2016 – and more business travel means more business travel spending.
When it comes to business travel, the amount of funds allocated towards flights alone is staggering to say the least. According to the National Household Travel Survey (NHTS), US Travelers account for more than 405 million long-distance business trips per year, which puts spending on air travel in the Trillions of US dollars.
What does this mean for the slightly more than average air traveler? In short, “Big Bucks”. Travel costs increase when you travel more. Many companies and individuals are looking for solutions to bring down the cost of air travel among their avid-flyers. These options include fractional ownership, leasing of aircraft and a number of various other options, including jet cards.