What’s Ahead for the Global Business Travel Forecast
By Suzanne Neufang, CEO at GBTA
For the past eight years, CWT has partnered with GBTA to release an annual pricing forecast and analysis for the global business travel industry. With every report, our mutual mission has been to provide expertly curated data and insights to inform and empower our industry and professionals to better understand, anticipate and adapt to the economic and business travel landscape ahead.
This year’s forecast proved to be an especially dynamic one, to say the least.
At the beginning of the year, the early outlook was that the impacts of the pandemic were waning, global travel restrictions were lifting, and business travelers were getting back out on the road and in the air. But new headwinds pushed into the headlines and our industry – from new variants to global conflicts, from rising inflation to supply chain and talent shortages, and more. And those headwinds are evident in this year’s pricing analysis.
What’s outlined in the Global Business Travel Forecast 2023 – considered alongside what we’re seeing in early analysis from GBTA’s latest upcoming Business Travel Index™ – show more challenges may be ahead on the road to recovery for the industry. We trust that now more than ever, this data and analysis will benefit business travel professionals who find themselves having to navigate new, and maybe even unprecedented, considerations in the present and into the coming year for their travel programs, policies, and travelers.
Will you be at the GBTA Convention 2022, August 14-17 in San Diego?
Gain more insights, analysis and peer discussion by attending the “2023 Global Price Forecast: What’s Next” Education Session on Monday, August 15, 10am-10:45am PT (Research Track, Room 20D).
About CWT
CWT is a Business-to-Business-for-Employees (B2B4E) travel management platform. Companies and governments rely on us to keep their people connected – anywhere, anytime, anyhow – and, across six continents, we provide their employees with innovative technology and an efficient, safe, and secure travel experience.
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