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New Global Business Travel Forecast predicts prices to continue increasing through 2023

According to the 2023 Global Business Travel Forecast, published last week by CWT and the Global Business Travel Association (GBTA), global travel prices are predicted to continue to increase for the remaining months of 2022 and throughout 2023. Rising fuel prices, labor shortage...
United States Suzanne Neufang Asia Pacific Patrick Andersen Avrio Institute Global Business Travel Association

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CWT; Global Business Travel Association (GBTA): Business travelers set to see air fares rise by 8.4%, hotel rates by 8.2%, and car rental charges by 6.8% in 2023

This is on top of a predicted full year 2022 increase in air fares of 48.5%, hotel rates of 18.5%, and car rental charges of 7.3% MINNEAPOLIS, Aug. 10, 2022 /PRNewswire/ -- Global travel
United States Suzanne Neufang Asia Pacific Patrick Andersen Tourism Council Avrio Institute

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