Corporate Travel Forecast Sees Flat Airfares and Hotel Rates in 2017
Photo Credit: Airfares and hotel rates are expected to remain relatively flat in 2017, according to Travel Leaders Group. Pictured is London's Luton Airport. Flickr / Geoff Collins
Skift Take
The fact that hotel rates and airfares are likely to remain flat into 2017 reflects the huge amount of uncertainty about the state of the global economy at this point in time.
Companies are budgeting for next year's business travel expenses, and the good news is that prices for hotel rooms and air tickets will likely remain the same as they were in 2016.
The years of hotel rate increases and sky-high airfares could be over for global business travelers, according to Travel Leaders Group's 2017 Industry Forecast.
Travel Leaders Group examined its transaction data, advance booking information, and knowledge of its global travel consultancy to crunch the numbers for its report.
Overall
