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FCM Consulting's Q1-2024 Global Quarterly Trend Report shows a steady rise in business travel, expected to continue into Q2-2024. Despite an 11% increase in global ticket prices compared to 2019, flight costs have dropped by 16% since January 2021. Managing Director Bertrand Saillet notes strong pricing due to growing demand. The report predicts stable booking volumes, reflecting consistent traveller demand and tighter budget management.
To understand the growth drivers, business travel industry outlook, and decode today’s business traveller in India, Bertrand Saillet, Sunny Sodhi, and Catherine Logan, sat down for a fireside chat at FCM Corporate Travel Summit, powered by GBTA in Mumbai and delved into the trajectory of business travel in India and south-east Asia.
The pulse of corporate travel is quickening, propelled by a shift in how we work. Let’s face it - remote work is well and truly a fixture now, promising enhanced well-being and work-life equilibrium. What will the outcome be for 2024? We unravel the Top 6 Predictions of Business Travel for 2024 by blending insights from our experts with the experts at Travelport.
Flight Centre Travel Group (FCTG), one of the world’s largest travel management companies, has announced the establishment of an ‘AI Centre of Excellence,’ a new global division that will focus on promoting, adopting, and integrating artificial intelligence technologies into the company’s corporate divisions.