According to the American Express Global Business Travel (GNT) Forecast for 2018, moderate price increases are being anticipated across air, hotel and ground transportation, with demand being driven by a steadily improving global economy and growing confidence.
Amex GBT says demand for business travel started the road to recovery in 2017, and is expected to continue growing over the next 12 months. Notable gains are predicted in Europe and Asia, with China and India’s economy leading the way.
The report foresees only marginal gains in prices as suppliers rapidly increase capacity to meet demand.
Despite the recovering economy, Amex GBT says businesses are still exercising caution in the face of geopolitical instability and new policies in certain markets.
You can view the full forecast at: amexglobalbusinesstravel.com/the-atlas/global-business-travel-forecast-2018
Source: Buying Business Travel