There is going to be more money around this year, so on the face of it business travel should pick up speed. The Global Business Travel Association (GBTA) thinks it will, after taking a look at global economic prospects, and is forecasting business travel spending to grow by 6.1% against a likely 5.1% in 2017.
Rising consumer and business confidence should encourage businesses to hire more employees, it reckons, and to send them on trips. In turn, this rising demand will allow the industry to push up prices, with airfares forecast to rise by 3.5% and hotel prices by 3.7%.
Source: Eye For Travel
Business travel 2018: the state of play