After a relatively flat 2017, hotels and flights will become more expensive this year. Bargains will be hard to find, particularly when it comes to international travel.
We've released our annual Megatrends that will define travel in the year to come, and Skift experts hit some of the highlights in this podcast episode.
Business travel demand is high, and so too are travel costs. Growing global instability in the political and economic realms, however, could disrupt these trends and drive costs down.
Travel management companies have tons of data on the behavior and spending patterns of their travelers. Doing something concrete with this information, however, is a work in progress that should be solved sometime soon.
As corporate travel becomes more consumer-oriented, leaders should consider the ways travelers will behave following the next wave of transformative technological change.
Consumer technology is undergoing a transformation, powered by artificial intelligence and voice commands. Corporations should pay attention to how their travelers' behavior shifts in order to stay in front of upcoming trends.
Leaders in corporate travel expect a strengthening global economy to propel the industry in the year ahead – so long as security concerns remain stable. With unemployment low, businesses are increasing their focus on traveler satisfaction to compete for employees.
Yet again, events around the world caused upheaval for business travelers in 2017. Uncertainty has become the norm, and corporate travel executives would be wise to plan for more of the unexpected.
Business travelers coped with a range of surprises, including disruptive natural disasters and sudden shifts in government policy. Expect more uncertainty.