Business travel takes off around the world
By mid-2024, global hotel occupancy will be close to 70%, and demand for air travel will grow steadily
According to FCM Consulting's latest Global Trends Report, strong passenger demand, a surge in face-to-face meetings and events, and positive travel industry dynamics have contributed to continued growth in business travel over the past six months.
Key takeaways
- 2024 marks a new baseline for air travel growth, with positive forecasts for airline schedules in 2025;
- Seat availability on the world's top corporate airlines is forecast to be 5% higher in 2024 than in 2019, with 11 of these airlines expected to exceed their 2019 levels by the end of the year;
- For accommodation, the average hotel room rate in the top 100 corporate cities was $182, a decrease of $5 from the first half of 2023.
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