Global Travel Trends – Q4-2022 Quarterly Update
The next installment of FCM Consulting's Quarterly Trend Report has landed
Let's take a look back at what-was-what in Q4-2022...
China prepared to open borders, travelers globally benefitted from relaxed COVID-19 testing and quarantine measures, and global airline passenger load factors hit an average of 81.6%. Oh, and we can put the words "travel recovery" to rest. It's time to focus on rejuvenation.
Are you ready for 2023? It's not too late to make some corporate travel resolutions, and the data and insights in our Q4-2022 Global Trend Report will certainly help your decision making.
Key takeaways from Q4-2022 Global Trend Report
Asian airline seat availability rose +17%
Demand for virtual and hybrid events has dropped by 75%
Chicago saw the greatest increase in ARR by +13%, while Vancouver saw the greatest decrease by –26%
Global airline seat capacity was +18% on Q4-2021, but still down by –13% on Q4-2019
Jet fuel is averaging US$131/barrel, down $44