Higher Costs to Weigh on Business Travel
Skift Take
After a few years of renewed focus on improving the business travel experience for employees, the corporate travel sector could soon flip back into cost-saving mode when faced with global pricing increases and a more uncertain overall business outlook.
This week we have a couple updates on trends that will define the corporate travel ecosystem over the next few years.
First, we have a look at how global air and hotel costs will rise in coming years. While costs have been rising for a while now, due to increased global demand, the difference going forward is that the global economy is at a high risk of a slowdown. This has major ramifications for business travel.
Second, we examined some research on how travel managers and meeting planners are gaining more control and visibility into spending on small meetings. It's still a work in progress, but digital platforms can help solve many of the problems that have cropped up.
Check out these stories, and much more, below.
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