Advito, BCD Travel’s consulting arm, has released its quarterly Industry Forecast Update—a graphical guide to how economic growth, inflation, oil prices and other factors affect the pace and price of business travel.
- Among Advito’s latest findings:
- Global economic recovery is supporting air travel in 2014, but there remains regional variation in the strength of demand and in the airlines’ response to it.
- Low-cost carriers’ pursuit of corporate travelers in Europe will keep regional business fares flat.
- Stronger market conditions have continued to provide upward momentum to rates in Mexico, resulting in a rise in the North American forecast from 2-4% to 3-5%.
Increasing hotel capacity has coincided with a softer economic outlook in Asia Pacific. This is most noticeable in India, where Advito once again predicts a fall in hotel rates.
See the latest business travel predictions at a glance in Advito’s 2014 Industry Forecast Update infographic. Ask your account manager how these changes might affect your travel program—and how Advito can help you prepare.
