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Future of Business Travel To Be Shaped by Demographic Shifts and Global Volatility by 2040
The Global Business Travel Association | October 8, 2024
CWT and GBTA release special supplement report titled “2040: Baseline, Boom, or Bust” offering a comprehensive analysis of factors that will shape corporate travel strategies and business travel’s future The business travel industry is on the cusp of a major transformation, driven by a convergence of technological advancements, evolving sustainability requirements, and shifting demographic trends. To commemorate the recently released 10th edition of their Global Business Travel Forecast report, CWT and the Global Business Travel Association (GBTA) have produced a special supplement titled 2040: Baseline, Boom, or Bust...
Global Business Travel and Events Costs Moderating in 2024, With Continued Modest Increases in 2025
GBTA | September 19, 2024
Latest research from CWT and GBTA reveals that while costs will continue to rise, the pace of these increases will be notably slower through 2024 and into 2025 Global business travel and events prices appear to be moderating following the dramatic increases seen in recent years. The 2025 Global Business Travel Forecast, published today by CWT, the business travel and meetings specialist, and the Global Business Travel Association (GBTA), the world’s largest business travel trade organization, reveals that while costs will continue to rise, the pace of these increases will be notably slower through 2024 and into 2025. This reflects a...
Business Travelers Set to See Air Fares Rise by 8.4%, Hotel Rates by 8.2%, and Car Rental Charges by 6.8% in 2023
GBTA | August 10, 2022
MINNEAPOLIS – Global travel prices are predicted to continue to increase in the remaining months of 2022 and throughout 2023, according to the 2023 Global Business Travel Forecast, published today by CWT, the B2B4E travel management platform, and the Global Business Travel Association (GBTA), the voice of the global business travel industry. Rising fuel prices, labor shortages, and inflationary pressures in raw material costs are the primary drivers of the expected price growth, according to the report, which uses anonymized data generated by CWT and GBTA, with publicly available industry information, and econometric and statistical modelin...
The Best of Both Worlds: Five Things to Consider When Organizing Hybrid Events
CWT | March 5, 2021
Mar 5, 2021 - Throughout 2020, the world was inundated with Zoom meetings and virtual events to keep businesses operational – in-between getting our fresh loaves of sourdough out of the oven, of course. Being able to meet in person has been tricky with looming threats of continued virus outbreaks and little to no travel opportunities. So, what does 2021 have in store for corporate meetings and events? My guess is it’s going to be a big year for hybrid meetings. Even as face-to-face meetings gradually resume – as we are already seeing in some parts of the world – travel restrictions and various safety requirements will likely remain i...
Is This the Year the World Will Finally Return to Normal?
Michelle McKinney Frymire | February 1, 2021
By Michelle McKinney Frymire As a Finance and Strategy leader, an important part of my job is trying to “see around corners” for our company – to know what is coming and how to react to it, but I must admit that a year ago I would not have predicted where we are today. And, while I still can’t predict when the pandemic will end, there are some things I see about 2021 that I would like to share. The first is a view some of you may not want to hear -- I can confidently tell you that the world is never going back to the “normal” that existed before the pandemic. It is time to move to our “next normal”, and frankly, I wouldn...
