For the past eight years, CWT has partnered with the GBTA to release an annual price forecast and analysis for the global business travel industry. With each report, our shared mission has been to provide expertly curated data and insights to inform and empower the industry and our professionals to better understand, anticipate and adapt to the economic and business travel landscape ahead.
This year’s forecast turned out to be particularly dynamic, to say the least.
At the start of the year, the early outlook was that the impacts of the pandemic were fading, global travel restrictions were being lifted and business travelers were getting back on the road and in the air. But new winds blew into the headlines and our industry – from new variants to global conflicts, from rising inflation to supply chain and talent shortages, and more. And these headwinds are evident in this year’s price analysis.
What’s outlined in the Global Business Travel Forecast 2023 – considered alongside what we’re seeing in early analysis from the latest GBTA™ Future Travel Business Index – indicates that more challenges may lie ahead on the road to recovery for the industry. We believe that now more than ever, this data and analysis will benefit business travel professionals who find themselves forced to navigate new, and perhaps unprecedented, considerations now and in the year ahead. future for their travel programs, policies and passengers.
Will you be at the 2022 GBTA Convention, August 14-17 in San Diego?
Gain more insight, analysis and peer discussion by following “Global Price Forecast 2023: What’s Next” Educational session in Monday, August 15, 10:00am-10:45am PT (Research Paper, Room 20D).
CWT is a Business-to-Business-for-Employees (B2B4E) travel management platform. Companies and governments rely on us to keep their people connected – wherever, whenever, however – and, across six continents, we provide their employees with innovative technology and an efficient, safe and secure travel experience.
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