Business travel costs for plane tickets, hotel rooms, and ground transportation are influenced by various factors like capacity, leisure travel volume, inflation, and fuel charges. Is there a new factor this year? In 2024, over 60 countries will hold elections, marking the largest global election year ever. In our latest podcast, CWT's Emma Woodhouse talks with Chris Ely, GBTA Research Director, and Shawn DuBravac, futurist and economist, about the CWT GBTA Global Business Travel Forecast. They discuss how elections and geopolitical instability might impact travel costs and what companies can expect for their budgets. Listen to find out: • The near-term pricing outlook for airfares and hotel rates • How AI and the changing nature of work affect business travel • Regional travel price expectations https://bit.ly/4c23MRW #OnTheFly #BusinessTravel #ElectionYear #TravelBudget #GlobalForecast
Great insights! The discussion on how elections and geopolitical factors influence travel costs is timely and essential.
Excellent analysis and research! This is a highly insightful topic.