Page 2 - Patrick Andersen News Today

Study shows the eye-watering increases in airfares in this region.

Premium-class air fares have soared since pandemic.

Business travel costs are still rising but increases to be 'more moderate': report.

Global business travel and events costs are set to climb higher through the remainder of 2023 and into 2024.

The soaring cost of business travel is projected to climb even higher this year and in 2024 as relentless post-pandemic competition for airline seats, hotel rooms and hire cars drives up prices.

But travel and events costs are expected to remain elevated through 2024, reflecting “the true new cost of travel”…

The 2024 Global Business Travel Forecast has found that whilst costs of global business trips and events will still rise, price increase levels should ease.

/PRNewswire/ -- Global business travel and events costs are set to climb higher through the remainder of 2023 and into 2024, albeit at a much more moderate...

The prices of flights, hotels and car rental are set to continue rising throughout the rest of 2023 and in 2024 but the scale of these increases is likely to be “more moderate”, according to CWT and GBTA’s 2024 Global Business Travel Forecast.

Article - True New Cost of Travel - Global Business Travel and Events Costs Expected to Remain Elevated Through 2024 - Global business travel and events costs are set to climb higher through the remainder of 2023 and into 2024, albeit at a much more moderate pace than the exceptionally steep increases seen in 2022. This is according to the 2024 Global Business Travel Forecast, published today by CWT and the Global Business Travel Association (GBTA).