Insight
Unpacking 2023
Reflecting on 2023, there’s no doubt of the resurgence of corporate travel, with many of our customers crisscrossing the globe, connecting with colleagues, and forging new paths.
2023 unfolded as a comeback story for business travel, bouncing back with resilience. Overall demand for travel grew consistently, airline competition got fiercer, sustainability became a hot topic and travel gained momentum.
The biggest mover and shaker for FCM NZ was international travel, reporting a sky-high YOY growth of 95%. We also saw our customers make the most of our services to save an average of 17% on their travel program. Reflecting on the numbers, this is just the beginning as 2024 has kicked off with a growing appetite for business travel.
So fasten your seatbelts — this year, business travel is transforming with tech-driven cost savings and improved experiences for travellers and bookers.