Travel Hotel Fare – Global travel prices are expected to continue to rise in the remaining months of 2022 and into 2023, according to the 2023 Global Business Travel Forecast, published today by CWT, the B2B4E travel management platform, and the Global Business Travel Association (GBTA), the global voice of the business travel industry.
Rising oil prices, labor shortages, and commodity price inflation are the main drivers of expected price growth, according to the report, which uses anonymized data produced by CWT and GBTA, publicly available industry information, and econometric and statistical modeling. developed by the Avrio Institute.