Fifty per cent of pharma business trips are for conferences

Half of business trips in the pharmaceutical industry are for conferences – proportionally more than any other industry sector, a new report has found.

The Heathrow Express Business Travel Insights Report on business travel across the UK, Germany and the US also found that 85 per cent of pharmaceutical personnel upgraded to premium economy, business or first class on long-haul journeys.

A total of 19 per cent of respondents reported that their companies set no allowance for the cost of dining and accommodation per night and a further 28 per cent said that they don’t have any formal policies on food and drink at all.

The survey also revealed that an average of 2.6 domestic business trips and 2.3 international business trips a year were taken by business travellers in the pharmaceutical sector. The average length of business trips in the sector is 5.1 nights with 20 per cent of travellers stating that they have taken more trips in 2017 compared to the year before.

While 15 per cent reported that they had put a greater reliance on travel management companies over the past three years, 42 per cent said that they booked business travel themselves. Twenty-one per cent admitted that personal assistants booked their business travel while seven per cent said business travel companies booked business trips and 11 per cent were transacted by other external companies.

Eight out of ten business travellers ranked personal safety as their number one priority when booking flights and accommodation, whereas speed was stated as the most important factor when booking travel transfers to and from airports.

Fraser Brown, Heathrow Express director said: “These findings tell us that workers in the pharmacy sector value speed on their business trips.”

Northstar Meetings Group Meetpie M&IT Magazine AMI Magazine ConventionSource Virtual Fam Trip Intellectual Capitals The Meetings Show M&IT Awards Agency Challenge Association Challenge M&IT Corporate Challenge