The prices of plane tickets, hotel rooms and ground transportation for business travelers are determined by an array of industry and macro-economic factors like capacity, leisure travel volume, inflation, and fuel charges. This year, is there a new driver in the mix?
Over 60 countries have, or will head to the polls in 2024, the biggest global election year in history.
CWT's Emma Woodhouse talks to Chris Ely, Research Director of the Global Business Travel Association (GBTA) and Shawn DuBravac, NY Times bestselling author, futurist, economist and analyst about the CWT GBTA Global Business Travel Forecast, whether elections and precarious geopolitical environments will impact the cost of travel, and what companies and organizations of all sizes can expect in the months ahead from their budget allocation.
Find out:
- The near-term pricing outlook for airfares and hotel average daily rates, plus why.
- The relationship between AI, the changing nature of work, and implications for the value and purpose of business travel.
- What to expect regionally from the price of travel
Spend wisely
How will 2024 pricing change your corporate travel program?
Assess your spend and allocate your budget wisely using our calculator.
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