North America 2020 Industry Forecast from BCD Travel Research & Innovation
Airfares will increase by 1% in all main travel segments.
Hotel rates will climb by 2% to 4% in the U.S. and Canada, and by 0% to 2% in Mexico.
A slight softening in demand will cap meeting rate rises at 2%.
Competition will keep car rental rates static unless vehicle prices rise by more than 7.5%. Read more
Middle East 2020 Industry Forecast from BCD Travel Research & Innovation
Steadily growing demand and rising costs will push up regional airfares by 1% to 2%, as long as the geopolitical situation does not deteriorate.
Changes in intercontinental fares will be limited to 0% to 1% as expansion by the big three Gulf carriers slows.
Hotel rates will rise by 1% to 3%, mainly in higher service properties. They will stay flat in the increasingly competitive mid-market sector.
Uber’s deal to buy Careem will create a dominant ride-hailing force in the Middle East. Read more
Southwest Pacific 2020 Industry Forecast from BCD Travel Research & Innovation
Competition will push intercontinental fares down by 1%, while regional fares will be 1% higher.
Hotel rates will change by 0% to 2% in Australia and will go up by 4% to 6% in New Zealand.
Meetings rates will increase sharply in Sydney and Auckland.
Ride-hailing is popular, and travelers have a growing choice of operators. Read more
Africa 2020 Industry Forecast from BCD Travel Research & Innovation
Airfares will rise by 1% to 2% on regional routes, with higher increases on flights between Africa’s fastest-growing economies.
Intercontinental fares will rise by 1% in business class but will be flat in economy.
Strong demand supports a 1% to 3% rise in hotel rates, even as many new hotels open.
Africa’s first high-speed rail service opened in Morocco. Egypt plans its own services by 2021. Read more
Asia 2020 Industry Forecast from BCD Travel Research & Innovation
Intercontinental fares will rise by 1% for both business and economy travel.
Strong demand in major markets will drive regional fares up by 2% to 3%.
Although room supply is growing, strong demand will push up hotel rates by 2% to 4%.
High-speed rail is a popular alternative to air travel in China, but fares are rising to fund network expansion. Read more
Europe 2020 Industry Forecast from BCD Travel Research & Innovation
Intercontinental airfares will rise by 1%, with regional business fares up 2%.
Low-cost competition will keep regional economy fares flat.
Hotel rates will increase by 1% to 3%, with higher rises in Ireland and Spain.
Strong demand will push meetings costs up by 3% to 4%.
High-speed rail is expanding in Germany and Spain. Read more
Latin America 2020 Industry Forecast from BCD Travel Research & Innovation
Intercontinental fares will stay flat.
Regional fares will rise by 3% as demand recovers.
Domestic fares in Brazil will fall if a new airline fills the gap left by Avianca Brazil.
Hotel rates will rise by up to 3% in some markets but will fall by 2% in Argentina.
Although meetings demand is healthy, client focus on costs will keep rates flat. Read more
BCD Travel’s 2019 Industry Forecast provides an abundance of data and tips useful to anyone with a role in sourcing corporate travel. The report offers a global overview and seven regional reports (Africa, Asia, Europe, Latin America, the Middle East, North America and Southwest Pacific) that detail supply, demand and pricing trends for air, hotel, meetings and ground transportation. Read more
Airfare prices are slowly climbing in markets with the strongest demand, according to BCD Travel’s midyear update to its 2018 Industry Forecast. Meanwhile, the outlook for global hotel rates in 2018 remains unchanged with a predicted 2-4% increase compared to last year. Read more
The 2018 Industry Forecast from Advito highlights:
The lack of hotel availability at preferred rates
Issues with traveler security and risk
Challenges related to airlines’ New Distribution Capability (NDC) standards
Machine-learning innovations that benefit business travelers and their employers Read more
As corporate travel managers try to improve program performance, especially for mature programs, they’re realizing a strategic truth: Making significant gains in savings and trip productivity is impossible without the support of a company’s travelers.
In its just-released Industry Forecast Update, business travel consultancy Advito examines what’s driving this trend and offers advice to travel managers seeking to improve their programs by engaging on-the-road employees. Read more
Good news for travel buyers is among several refreshed outlooks available in the newly released infographic update to Advito’s 2017 Industry Forecast. Advito advises travel buyers to use the reprieve from market volatility to make strategic plans for program improvement.
Advito, the consulting arm of BCD Travel, publishes its annual Industry Forecast to give travel and procurement managers a range of projected prices for business travel. They can use the projections to benchmark their corporate travel programs’ successes against key performance indicators and to prepare for supplier negotiations and budgeting. Read more