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2019 Global Travel Forecast: Global Air, Hotel and Ground Pricing, and Trends Shaping the Future

Description
Welcome to our fifth annual Global Travel Forecast, a comprehensive look at travel pricing and the macroeconomic influencers that drive it.

Our report is designed to enable travel buyers around the globe to create, support and budget their travel programs for next year whether local, national, regional or in-between. A collaborative effort between the Global Business Travel Association (GBTA) and Carlson Wagonlit Travel (CWT), the report is again strengthened by the expertise of Rockport Analytics with additional analysis and context provided by CWT Solutions Group, and the support of the Carlson Family Foundation.

Highlights include:

Air:
Fuel costs are on the rise – but continued growth in capacity should help keep major price increases in check.
Air prices to increase 2.6% globally.

Hotel:
Hotel rates are heavily determined by local market conditions – but economic growth and business travel demand is solid worldwide, which should help spur price increases into next year.
Hotel rates are expected to rise 3.7% globally.

Car Rental:
Despite ride-sharing growth and continued oversupply of rental fleets, rental cars remain an important part of managed travel programs.
In the U.S., car rental prices to rise 0.6%.

The Full Forecast:
The full forecast can be found here.
Summary reports for each region will be available from the GBTA Resource Library  in late August.


 
Resource
forecast.pdfforecast.pdf23393 KB
Author
GBTA; Carlson Wagonlit Travel; Rockport Analytics
Publisher
GBTA
Publication Year
2018
Resource Type
Research
Language
English
Topics
Airlines, Ground Transportation, Hotels, Technology
Subjects
Rail, Travel distribution, Travel prices, Sharing economy, Car rental

Resource Details

GBTA Research Team
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Date Modified: Jul 23, 2018
Date Last Modified: Oct 5, 2018
Category: GBTA Resources