The latest business travel trends for your business

Corporate Traveller’s Quarterly Trends Report for Q1 2024

(powered by FCM Consulting)

In Q1 2024, corporate travel is showing great adaptability and resilience amidst a rather complex global landscape. Our latest report dives into these dynamics, unpacking the tweaks in airfares and the strategic boost in seat availability. 

This report equips businesses like yours with the insights necessary to navigate fluctuating airline and hotel prices in a growing demand environment. You’ll also find strategies for boosting traveller engagement and effectively managing your travel budgets and processes—because we believe every trip is a successful opportunity for your business. 

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Q1 Report

Here are a few key takeaways from the report:

  • Economic impact on travel: With a projected global inflation rate of 5.9% for 2024, companies are feeling the pinch, but continue to see the value in corporate travel, leading to smarter use of travel budgets. 

  • Airline innovations: Subscription models from AirAsia and Alaska Airlines are changing how companies book travel. For instance, AirAsia offers Super+ Lite and Premium subscription options at $187 and $520 per annum respectively, spanning 10 to 16 markets. 

  • Accommodation fluctuations: Average room rates have varied globally, with rates in Asia and the AU/NZ region falling this quarter, creating savings opportunities for businesses. 

  • Sustainability in aviation: The EU and UK’s new Sustainable Aviation Fuel (SAF) blending targets for 2025 are pushing airlines to adopt more sustainable practices, which may influence corporate travel policies and promote environmental responsibility in business travel practices. 

Get the full scoop on business travel trends and ways to reduce your travel costs by downloading our report today. The report includes: 

 

  • Major travel trends from Q1 2024 to assess your business travel costs through the year 

  • Airfare costs and predictions by country and on key city-pairs 

  • Detail on hotel rate movements across each region 

  • Insights into hotel rate trends for the next 12 months 

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