Global Travel Trends – Q3-2022 Quarterly Update
FCM Consulting is excited to share their newest quarterly trend report.
Most regions are reporting 90%+ airline capacity (matched against 2019 levels), with major air carriers like United Airlines, American Airlines, and Hong Kong’s Cathay Pacific forecasted to exceed pre-pandemic levels in 2023. Hotel rates are stabilising in key markets like New York, Hong Kong, London, Paris, Sydney, Tel Aviv, and Mexico City. Now is the best time to look at the future and approach 2023 with a renewed focus on transformation.
Using data sourced from FCM’s corporate travel bookings from July to September 2022, the report provides global and regional perspectives on the key trends across aviation, accommodation, and ground transport.
Insights of the latest report include:
- Global airline passenger loads are at 82% of 2019 levels
- North America continues to lead airline recovery at 94% of 2019 seat volume
- Accommodation rates are expected to climb on average 7% (USD$15) in 2023
- Staffing issues, fewer flights and high demand are still causing disruptions