全球商务旅行预测报告

How to get the mostout of this forecast forecast allows readers to access global graphs detailingaverage room rates, airfares and car rental hire.Click on the graphs to segment by region, midscale andupscale and premium and economy. Navigating the recovery of business travel and steppinginto an exciting next phase requires an ear to theground like never before. The new interactive formatof CWT and GBTAs 8thannual global business travel Contents The view from 30,000 feet3 Air7 Hotel14 Ground20 The view from30,000 feet:global travelraces to recoverin the faceof a slowingeconomy The global business travel and meetings and eventsindustries have made incredible progress in recoveringfrom one of the worst economic downturns on record.Domestic demand continues to improve, and theeasing of COVID-related restrictions around the world is Inflation, too, is exerting pressure on most continentsand is forcing central banks to raise rates aggressively.High prices could dissuade consumers and businesstravelers and aggressive interest rate hikes couldprecipitate a recession. Already economic growth isslowing in most parts of the world, which in turn couldimpact corporate profits and business travel demand.Even a minor recession could dent the businesstravel recovery. and calling for greater visibility at the point of sale forgreener travel options, as well ascarbon foot-printing,andenvironmental impact assessment. beginning to accelerate cross-border business travel. Theoutlook for the industry is positive, though there arepotential risks that could frustrate recovery. TheGBTA CWT 2023 Global Business Travel Forecastisdesigned to enable corporate travel buyers tobuild andbudget their 2023 travel programswith an informedsummary of how the global pandemic influencedpricing in 2022, as well as a detailed dissection ofmacroeconomic factors that will likely influence pricingin 2023. Additionally, the forecast details the pricingoutlook for theair,hotelandgroundtransportationsectors and offers tips to navigate confidently throughrapidly shifting times. Business travel and meetings bookings are picking updespitegeopolitical uncertaintiesincluding the war inUkraine, lingering COVID restrictions in major aviationmarkets, travel disruptions caused by labor shortages,the rising risk of a global recession and persistenthigher prices. Combating climate changeis of acceleratedimportance and now closely linked to the post-pandemic trend of more purposeful travel. Businessesare ranking sustainability among their top priorities Growth is expected in all major business travel andmeetings markets and segments in the coming years asthe industry works to recover to pre-pandemic levels.Despite thisencouraging outlook, it is important toremember that businesses and business travelers areoperating in a highly uncertain environment. Growing confidence in business travel is being driven bya number of factors, including an overall improvementin the global economy, rising corporate profits, andincreased demand for goods and services. Despite thesepositive trends, there are still somepotential risks that could impact the business travelindustry in the coming years. One of the biggest risksis the possibility of another wave of COVID infectionswhich could lead to renewed restrictions on travel. An eye on theglobal economy The current basecase scenario for2022 is for3%growth Service sectors, including travel andhospitality, were hit especially hard,but the global economy recoveredbriskly, rising off the lows of 2020and increasing5.8% The world economyshrankin one of the worstdeclines since WorldWar II.3.4% the inflationary pressures we are seeing today, with centralbanks moving quickly to combat inflation by raisinginterest rates. The US Federal Reserve, Bank of England,and Bank of Canada have all delivered rate hikes, whilethe European Central Bank has indicated it will raise ratesabove zero this year for the first time since 2012. Gross DomesticProduct There are three main forces exerting pressure on theeconomy, and conversely, the business travel industry:1) Russia’s invasion of Ukraine, coupled with othergeopolitical uncertainties; 2) inflationary pressures thatare pushing costs higher; and 3) the risk of further COVIDoutbreaks that could restrict business travel. The conflict in Ukraine added upward pressure on prices,but inflationary pressures were already evident longbefore the invasion. Inflationary pressures are raising thecost of business travel through higher labor, food, andfuel costs. The resulting price hikes could also dissuadebusiness travelers from making trips which could hurtindustry recovery. War in Ukraine and rising geopolitical concerns While the invasion has more severe consequences forEurope, the impacts are being felt globally, with negativeshocks on already strained supply chains – the biggest near-term impact being on commodity prices such as oil, gas,and grain. The conflict has also weakened confi