Corporate Traveller’s Trends Report for Q3 2023
(powered by FCM Consulting)
For Q3 2023, business travel is on the rise despite global stability and economic conditions. With expected rises in airfare, airlines are also preparing for an increase in seats in 2024. The latest edition of our global trend report dives deeper!
As businesses globally are taking a keen interest in savings, our Quarterly Trend Report aims to showcase airline and hotel pricing amongst higher demand and increasing travel demand. It also highlights opportunities for traveller engagement the need to change internal communication methods when it comes to travel.
Here are just a couple of the key business travel trends from the report:
- Global passenger load factors are on the rise, averaging out to 84.6% for the quarter
- It looks like airfares are looking to rise 3-7% in 2024, partially due to global inflation levels
- Business travel is expected to rise through 2024, however, could be impacted by economic conditions and global stability