FCM Consulting Global Quarterly Trend Report Q4-2023
Even with a predicted +3% rise in global travel costs, plans for more trips are still on the cards for business travelers ready to grow their company and connect with clients and colleagues. Compared with the first half of 2019, the start of 2024 is predicted to offer 7% more seats in North America – good news for those eager business travelers – however, a significant drop in flights is also expected.
Remaining in the spotlight through 2024 is New Distribution Capability (NDC), with forecasts showing adoption taking off globally in the corporate travel space.
Need more details and stats to make informed decisions for your travel program this year? FCM Consulting’s free Q4-2023 Global Trend Report is chocked full of information and is available now to download. Get ready to soar into 2024.
Key takeaways from Q4-2023
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On average, global travel costs to rise +3% with Europe to remain flat or decline
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Globally in H1-2024: forecast to offer +3.5% more seats, and -5.6% fewer flights than H1-2019
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Jet fuel barrel prices fell below $102, the lowest for the full year of 2023
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NDC content and capability are set to grow more in 2024
How do airfares and hotel rates compare in North America?
Prepare your travel program and budgets for the year ahead with insights from the FCM Consulting Global Quarterly Trend Report Q4-2023. Including data from FCM’s corporate bookings, Cirium aviation data, and STR hotel information, this report is a must-read for procurement and travel professionals. Get insights on:
- Airfares on key city pairs across the world
- Hotel rate movements and average room rates across each region
- NDC into 2024 and plans for global adoption in corporate travel
- Communication guidelines for corporate travel managers wanting to keep ahead of their travelers
