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corporate travel index 2023

  • Dec 21, 2022

2023 Outlook: Business Travel Bounces Back

Corporate travel budgets are recovering to pre-covid levels, our new survey finds. see where companies are spending in the year ahead..

After grinding to a near halt during the COVID-19 pandemic, business trips—and profits for hotels and airlines catering to higher-paying corporate clients—are bouncing back even beyond pre-pandemic levels, per a recent survey from Morgan Stanley Research.

Despite higher airfares and room rates, the survey of 100 global corporate travel managers found that many respondents believe their company's travel expenditures are already back to pre-pandemic levels and will continue to grow. The biggest demand is coming from small companies, which means lower-cost airlines may benefit the more than their bigger peers.

“Travel budgets are expected to see a noticeable improvement in 2022, with 2023 nearly back to ‘normal,’” says Ravi Shanker, an equity analyst covering North American transportation.  “Most interesting is that nearly half of the respondents expect 2023 budgets to increase versus 2019 overall. And of those that expect an increase in budgets, the majority believe 2023 budgets will be between 6% to 10% higher than 2019.”

Overall travel budgets show an improvement over previous surveys, with 2023 budgets expected to be 98% of 2019 levels on average.

Survey Highlights

  •   Smaller companies lead demand for corporate travel. More than two-thirds (68%) of companies with under $1 billion in annual revenue expect travel budgets to increase next year, versus just 41% of companies with annual revenues over $16 billion. Similarly, 32% of smaller companies said travel budgets had returned to pre-pandemic levels compared with 23% of big firms. “This trend could likely favor low-cost carriers, as smaller enterprises tend to be more localized and require less long-haul travel,” says Shanker. “However, the legacy carriers with strong corporate exposure should see gains as well.”  

Nearly a quarter of both large and small companies say their firms are already back to pre-COVID travel levels, and 34% anticipate a full recovery by the end of 2023.

ESG Rate of Change

Holiday budgets hit by inflation, seeing a peak for food prices.

  •   Airfares are higher, but that’s not a drag on bookings. On average, corporate airfares are expected to be about 9% higher than pre-pandemic prices. “Clearly the expected increase in corporate airfares is not having a major impact on corporate travel as passenger volume is expected to be basically flat versus 2019,” says Shanker.
  • Room rates will continue to rise, though not as fast as they have recently. As of this October, market room rates had spiked 20% to 25% over 2019. Next year they will rise even more, though by an average of just 8%, say respondents (9% in the U.S. and U.K.; 5% to 6% in Latin America, Asia and Africa).
  • Hotels face economic and competitive headwinds. While overall travel budgets are growing, companies are cutting costs by trading down when it comes to accommodations. (Historically, budget hotels outperform upscale lodging in tough economic times.) Alternative sources of accommodation also threaten traditional hotels, with 31% of respondents saying they intend to use short-term rental services in the next year.
  • Virtual meetings aren’t going away.  Almost 18% of corporate travel will be replaced with virtual meetings, falling slightly to 17% in 2024, suggesting a degree of permanence in the shift with companies recognizing the benefits of virtual meetings ranging from cost savings to lower carbon footprints. Expect companies providing collaboration software to gain from this shift.

For more Morgan Stanley Research insights and analysis on global travel, ask your Morgan Stanley representative or Financial Advisor for the full reports, “Global Corporate Travel Survey: Snapping Back" (Nov. 8, 2022) and “Global Corporate Travel Survey: 2023 Travel Budgets Nearly Back to 2019 Levels, but ~20% of Meetings Could Still Shift to Virtual” (Nov. 8. 2022). Morgan Stanley Research clients can access the reports directly here and here . Plus more Ideas from Morgan Stanley’s thought leaders.

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corporate travel index 2023

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corporate travel index 2023

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Travel Daily

Business travel strong outlook in 2023 – GBTA

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corporate travel index 2023

The last quarter of a calendar year can typically be busy and productive for global business travel and travellers. But in a time when so much isn’t back to being typical, where does the recovery of global business travel stand now? The  October 2022 Business Travel Recovery Poll released today by the Global Business Travel Association (GBTA), the world’s premier association serving the business travel industry, unveils the latest insights and sentiments from a survey of almost 600 business travel buyers, suppliers, and other stakeholders around the world. This survey marks the 29 th  poll in the GBTA series since the pandemic began to understand the path forward as the industry navigates recovery.

“We continue to see progress as business travel makes its way back to being a $1.4 trillion global industry, pre-pandemic. It is also important to understand the context of global business travel’s recovery. Asia is still opening its borders, international business travel in general started picking up only earlier this year across the globe, and the U.S. has only permitted unrestricted travel since June,” said Suzanne Neufang, CEO, GBTA. “Even as this latest poll shows economic considerations have eclipsed COVID-19 concerns, the industry is showing positive indicators and sentiment for 2023, a strong sign as business travel continues to come back over time,” she said.

Here are some of the key takeaways from the October GBTA Business Travel Recovery Poll:

  • On average, travel managers estimate their company’s domestic business travel volume is back to 63% and international business travel is back to 50% of their 2019 pre-pandemic levels. In addition, 26% of respondents estimate their international business travel volume has recovered to more than 70% of their company’s pre-pandemic levels.
  • When asked to choose among factors that are more likely to limit business travel next year, 80% of travel suppliers say economic conditions while only 4% cited COVID-19.
  • However, 75% of travel buyers surveyed say their company had no immediate plans to limit business travel because of economic concerns. One-third (30%) say their company is unlikely to limit business travel, while 45% say they are taking a wait-and-see approach but are not seriously considering limiting business travel at this point due to economic concerns.
  • Currently, 86% of survey respondents say non-essential domestic business travel is sometimes or usually allowed at their company. Additionally, 74% say the same for non-essential international business travel.
  • Over three-fourths (78%) of travel managers expect the number of  business trips  taken by employees at their company will be higher or much higher in 2023 versus 2022.
  • Among travel suppliers, 85% expect the number of  bookings  by corporate clients will be higher or much higher in 2023. Additionally, 80% of suppliers expect  travel spendin g by corporate clients will be higher or much higher in 2023 year over year.
  • Over 65% of travel managers are optimistic that their company will conduct more  internal travel  and  external travel .  Internal travel was defined as meetings with colleagues or working at other company office locations, while external travel examples are trips for sales meetings and conference travel.

Tracking the Business Travel Impact of Remote Work and Blended Travel  

GBTA also continues to follow how evolving developments related to the future of work and changing workforces might play out in the global business travel landscape.

  • The industry is embracing remote work models (88%), as 68% of respondents say their company has a hybrid approach where employees are expected to report to the office on some days and 20% indicate their company is working “full-time remote.” An additional 12% say they are “full-time in-office.”
  • Of those with a hybrid or full-time remote work policy, 72% of respondents do not expect flexibility to work from home will impact the number of business trips taken by their employees. Additionally, 14% expect it will lead to more business travel while an identical percent expect it will lead to less business travel.
  • For companies that allow hybrid or fully remote work, 44% say employees are allowed to work for extended periods outside of the city, state, or province where they are typically based. This also includes 22% that even allow employees to work for an extended period outside of their home-base country.
  • Some companies even reimburse employees for costs or expenses while working remotely – 27% of respondents say their company does reimburse, while most do not (42%) or leave it to the manager’s discretion (25%).
  • Many travel managers report they are seeing a rise in the desire for blended or “bleisure” travel among employees. Two in five travel managers (41%) have seen an increase in employees asking for blended travel, whereby they combine a business trip with a vacation or leisure component.

GBTA: Bookings, spending and optimism on the upswing

Innovating corporate travel programs for their business travellers

Technology plays a vital role in ensuring seamless travel

Global business travel recovery witnesses double-digit surge since February

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New Research: The State of Corporate Travel and Expense 2023

New report: post-pandemic priorities shift the landscape for corporate travel and expense.

Corporate travel and expense (T&E) has started to look much different as companies renegotiate their policies in a new, unfamiliar business climate on this side of the Covid-19 pandemic. Over the past several years, T&E stakeholders critically reexamined program priorities, identifying how to contain or reduce costs and where travel, corporate cards, and expense tools were misaligned with governing policy.

Given these considerations occurring at companies across the corporate landscape — and their profound impact on the future of T&E — a new report from Skift and TripActions explores the return of business travel and its implications on the new workforce. 

Built upon the results of a survey of more than 700 corporate travel and finance managers as well as more than 1,100 business travelers, the report also dives deep into how companies can reimagine their policies and technologies to make corporate travel, corporate card, and expense management programs more agile and cost-effective as part of a 360-degree, holistic corporate spending strategy.

Sign up to download your FREE copy. 

In this report:

  • The return of business travel does not equate to “business as usual”
  • Remote work setups require new strategies for expense management, sustainability, and duty of care
  • How companies can create and communicate dynamic travel policies that give them more flexibility and efficiency
  • How streamlined, seamless, all-in-one travel and expense platforms and solutions help companies maximize business travel opportunities

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Travel price index.

MONTHLY INSIGHTS December 20, 2023

corporate travel index 2023

The Travel Price Index (TPI) measures the cost of travel away from home in the United States. It is based on the U.S. Department of Labor price data collected for the monthly Consumer Price Index (CPI). The TPI is released monthly and is directly comparable to the CPI. 

Please see attached table for the latest data.

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Alaska Airlines was named America's favorite airline for the 2nd year in a row — months after a hole blew in the side of one of its planes

  • A major consumer survey found that Alaska Airlines is the most popular airline in the US for the second year running.
  • The airline topped the American Customer Satisfaction Index, despite its infamous panel blowout in January.
  • Overall, US air travel customers were happier than last year with their experiences.

Insider Today

Alaska Airlines is the most popular airline in the US for the second year running, according to a major consumer survey.

The airline comfortably topped the annual American Customer Satisfaction Index with a score of 82, a one-point improvement compared to 2023.

American Airlines was second with 79 points, while low-cost carrier Allegiant Air beat better-known legacy names like United and Delta to take third place. Allegiant registered a four-point rise in overall customer satisfaction, making it one of the fastest climbers this year.

United Airlines was the only carrier to lose ground, sliding three points to a score of 75.

The index, which has been running since 1994, tracks customer satisfaction across five travel industries — airlines, car rentals, lodging, online travel agencies, and ridesharing platforms.

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To determine the rankings, 16,352 customers were asked to rate their experiences with companies based on nineteen different factors, such as ease of making a reservation, check-in process, cleanliness of cabin and lavatory, courtesy and helpfulness of flight crew, and timeliness of arrival. By collating this information, the American Customer Satisfaction Index says it provides a "definitive measure of passenger satisfaction."

Alaska Airline's top ranking comes despite the airline's nightmare safety incident in January 2024, during which a decommissioned door plug flew off during one of its flights at an altitude of 16,000 feet.

The plane, a Boeing 737 Max 9 made a safe landing back at Portland International Airport 35 minutes after takeoff, with all 177 people on board surviving.

14 passengers on the flight have since filed a class-action lawsuit against Boeing and Alaska Airlines, asking for monetary damages to cover injuries sustained during the incident and claims that some oxygen masks malfunctioned.

US airlines are getting better

Overall, the data found that customers were increasingly happy with airline travel, with ratings for all nineteen areas of customer satisfaction across airlines either improving or staying level with responses from 2023.

The polled customers were particularly happy with app services, the ease of making reservations, and airlines' websites, pointing to the importance of developing customer-friendly technology offerings.

As they become happier with travel experiences, customers are also travelling more. This February, the International Air Transport Association (IATA) reported a 21.5% rise in global air passengers compared to the previous year.

Watch: Why Hooters Air, Pan Am, and the Concorde all disappeared from the skies

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Here are the top 10 smartest cities in the world — and none are in the U.S.

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Smart cities in Europe and Asia are gaining ground globally while North American cities have fallen down the ranks, according to the 2024 Smart City Index released April.

Of the top 10 smart cities on the list, seven were in Europe.

This year's index was produced by the IMD World Competitiveness Center's Smart City Observatory in collaboration with the World Smart Sustainable Cities Organization (WeGO) that's based in Seoul, South Korea.

The report ranks 142 smart cities worldwide based on data analyzed by researchers, as well as survey responses of 120 residents in each city. The study captures an overview of how the infrastructure and technology available in a city impacts the city's performance and the quality of life of its inhabitants.

So, what is a smart city?

According to the IMD , a smart city is defined as "an urban setting that applies technology to enhance the benefits and diminish the shortcomings of urbanization for its citizens."

With very few exceptions, cities in the top 20 are geographically located in areas where social and economic environments are relatively predictable, even against the overall climate of global uncertainties. IMD Smart City Index 2024

The cities that perform well on the list have also developed initiatives that cater to their citizens' overall quality of life.

"Such initiatives have focused on developing green spaces and broadening opportunities for cultural events and social bonding, for example," according to the report.

"In the majority of these leading cities, such efforts have been combined with innovative strategies to attract and retain talent, foster investment in a selective fashion [e.g. pro-sustainability], and tackle long standing issues regarding geographical inequalities and inclusion," the report said.

Here are the top 10 smart cities, according to the 2024 Smart City Index.

  • Zurich, Switzerland
  • Oslo, Norway
  • Canberra, Australia
  • Geneva, Switzerland
  • Copenhagen, Denmark
  • Lausanne, Switzerland
  • London, England
  • Helsinki, Finland
  • Abu Dhabi, United Arab Emirates

Notably, for the first time since the index's inception in 2019, there is an absence of North American cities in the top 20.

"Using three year moving averages (i.e. comparing a city's average ranking for the period 2021-24 to that of the period 2020-23), a significant number of US cities have been losing ground," according to the report.

"This is the case in particular for Washington DC, Denver, and Los Angeles (-12, -12, and -11 respectively), but also for San Francisco (-9), New York City (-7), and Chicago (-4)."

The highest ranking U.S. city this year is New York City which ranked 34th, followed by Boston at 36th and Washington DC, coming in at 50th place.

While European cities dominated the list, Asian cities are gaining ground too.

Here are the top 5 smart cities in Asia:

  • Singapore (5th)
  • Beijing (13th)
  • Taipei City (16th)
  • Seoul (17th)
  • Shanghai (19th)

Singapore has consistently ranked among the top 10 positions since the index's inception in 2019. It ranked 7th from 2020 to 2023 — except in 2022 when no rankings were released, and jumped up two positions this year.

Taipei City has also jumped 13 positions over the last year, from 29th in 2023 to 16th this year.

"Cities must design and adopt strategies that can resist the test of a future plagued with growing uncertainties, " said Bruno Lanvin, president of the Smart City Observatory.

"Health-related concerns remain high, while climate-related ones grow even larger; a mix complicated by renewed international tensions. Trust and good governance are growing in importance, and the significance of Al in city design and management is set to increase," he said in the report.

"Counterintuitive as it may sound, Al can help cities to become more human-centric," Lanvin added.

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Hot Oceans Worsened Dubai’s Dramatic Flooding, Scientists Say

An international team of researchers found that heavy rains had intensified in the region, though they couldn’t say for sure how much climate change was responsible.

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By Raymond Zhong

Scenes of flood-ravaged neighborhoods in one of the planet’s driest regions stunned the world this month. Heavy rains in the United Arab Emirates and Oman submerged cars, clogged highways and killed at least 21 people. Flights out of Dubai’s airport, a major global hub, were severely disrupted.

The downpours weren’t a total surprise — forecasters had anticipated the storms several days earlier and issued warnings. But they were certainly unusual.

Here’s what to know.

Heavy rain there is rare, but not unheard-of.

On average, the Arabian Peninsula receives a scant few inches of rain a year, although scientists have found that a sizable chunk of that precipitation falls in infrequent but severe bursts, not as periodic showers. These rains often come during El Niño conditions like the ones the world is experiencing now.

U.A.E. officials said the 24-hour rain total on April 16 was the country’s largest since records there began in 1949 . And parts of the nation had already experienced an earlier round of thunderstorms in March.

Oman, with its coastline on the Arabian Sea, is also vulnerable to tropical cyclones. Past storms there have brought torrential rain, powerful winds and mudslides, causing extensive damage.

Global warming is projected to intensify downpours.

Stronger storms are a key consequence of human-caused global warming. As the atmosphere gets hotter, it can hold more moisture, which can eventually make its way down to the earth as rain or snow.

But that doesn’t mean rainfall patterns are changing in precisely the same way across every part of the globe.

In their latest assessment of climate research , scientists convened by the United Nations found there wasn’t enough data to have firm conclusions about rainfall trends in the Arabian Peninsula and how climate change was affecting them. The researchers said, however, that if global warming were to be allowed to continue worsening in the coming decades, extreme downpours in the region would quite likely become more intense and more frequent.

Hot oceans are a big factor.

An international team of scientists has made a first attempt at estimating the extent to which climate change may have contributed to April’s storms. The researchers didn’t manage to pin down the connection precisely, though in their analysis, they did highlight one known driver of heavy rain in the region: above-normal ocean temperatures.

Large parts of the Indian, Pacific and Atlantic Oceans have been hotter than usual recently, in part because of El Niño and other natural weather cycles, and in part because of human-induced warming .

When looking only at El Niño years, the scientists estimated that storm events as infrequent as this month’s delivered 10 percent to 40 percent more rain to the region than they would in a world that hadn’t been warmed by human activities. They cautioned, however, that these estimates were highly uncertain.

“Rainfall, in general, is getting more extreme,” said Mansour Almazroui, a climate scientist at King Abdulaziz University in Jeddah, Saudi Arabia, and one of the researchers who contributed to the analysis.

The analysis was conducted by scientists affiliated with World Weather Attribution, a research collaboration that studies extreme weather events shortly after they occur. Their findings about this month’s rains haven’t yet been peer reviewed, but are based on standardized methods .

The role of cloud seeding isn’t clear.

The U.A.E. has for decades worked to increase rainfall and boost water supplies by seeding clouds. Essentially, this involves shooting particles into clouds to encourage the moisture to gather into larger, heavier droplets, ones that are more likely to fall as rain or snow.

Cloud seeding and other rain-enhancement methods have been tried around the world, including in Australia, China, India, Israel, South Africa and the United States. Studies have found that these operations can, at best, affect precipitation modestly — enough to turn a downpour into a bigger downpour, but probably not a drizzle into a deluge.

Still, experts said pinning down how much seeding might have contributed to this month’s storms would require detailed study.

“In general, it is quite a challenge to assess the impact of seeding,” said Luca Delle Monache, a climate scientist at the Scripps Institution of Oceanography in La Jolla, Calif. Dr. Delle Monache has been leading efforts to use artificial intelligence to improve the U.A.E.’s rain-enhancement program.

An official with the U.A.E.’s National Center of Meteorology, Omar Al Yazeedi, told news outlets that the agency didn’t conduct any seeding during the latest storms. His statements didn’t make clear, however, whether that was also true in the hours or days before.

Mr. Al Yazeedi didn’t respond to emailed questions from The New York Times, and Adel Kamal, a spokesman for the center, didn’t have further comment.

Cities in dry places just aren’t designed for floods.

Wherever it happens, flooding isn’t just a matter of how much rain comes down. It’s also about what happens to all that water once it’s on the ground — most critically, in the places people live.

Cities in arid regions often aren’t designed to drain very effectively. In these areas, paved surfaces block rain from seeping into the earth below, forcing it into drainage systems that can easily become overwhelmed.

One recent study of Sharjah , the capital of the third-largest emirate in the U.A.E., found that the city’s rapid growth over the past half-century had made it vulnerable to flooding at far lower levels of rain than before.

Omnia Al Desoukie contributed reporting.

Raymond Zhong reports on climate and environmental issues for The Times. More about Raymond Zhong

IMAGES

  1. Corporate Travel Index

    corporate travel index 2023

  2. How corporate travel will develop in the years to come: Phocuswright

    corporate travel index 2023

  3. New Research: The State of Corporate Travel and Expense 2023

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  4. Biz Travelers to See Travel Price Increases Through 2023

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  5. U.S. share of global travelers expected to decline through 2023: Travel

    corporate travel index 2023

  6. Biz Travelers to See Travel Price Increases Through 2023

    corporate travel index 2023

COMMENTS

  1. BTN's 2023 Corporate Travel Index

    BTN's Corporate Travel Index offers the only industry resource for meal costs in 200 major business travel markets. Understanding the value it delivers—and the accuracy required—BTN has completely rebuilt our restaurant and meal cost database in 2023 to ensure our data reflects real market conditions around dining out in 2023.

  2. PDF 2023 Business Travel Index Outlook

    2023 Business Travel Index ™ Outloo 4 Approach and Data Sources. Rockport Analytics' research focuses on the demand side of the business travel . market. Our comprehensive definition of business travel includes all kinds of . trips and trip purposes, as well as all categories of trip spending — not just those . reimbursed by the ...

  3. Corporate Travel Index

    BTN's Corporate Travel Index tracks cost changes quarterly via our free online Corporate Travel Index Calculator. view the 2023 online index Corporate Travel Index + Calculator Co-Sponsorship Deliverables: $45,000 net. Company logo included as a co-sponsor in a static leaderboard ad unit at the top of the landing page. Ad unit to be built by BTN.

  4. Corporate Travel Index

    BTN's Corporate Travel Index 2023 2022 Corporate Travel Index 2021: Business Travel Per Diems For 200 Cities Worldwide In the Wake of Covid-19 2020: Tech Pushes Rate Surges in U.S. 2019: BTN's Next-Gen CTI 2018: Business Travel Costs Rise Modestly 2017: The Search for Stability 2016: Limited Hotel Supply Shoves U.S. Per Diems Up 2015: U.S ...

  5. PDF 2023 Business Travel Index Outlook

    2023 Business Travel Index ™ Outlook Introduction Research Challenge. Business travel is a term that encompasses many activities executed in support . of a number of business objectives: sales, training, customer support, incentives, professional development, team building, conferences, and operations to . name a few.

  6. PDF 2023 Corporate Travel Index

    RISK SCORE KEY: 1-20 extremely safe; 21-40 very safe; www.businesstravelnews.com 41-60 safe; 61-80 less safe, more risky; 81-100 very dangerous U.S. NON-U.S. Rank Among 100 US Cities City Total Per Diem Risk Score 96 Akron, OH $287.63 34 56 Albany, NY $327.50 36 87 Albuquerque, NM $303.28 41 78 Allentown, PA $307.27 32 31 Anaheim, CA 364.96* 32 35 Atlanta, GA $349.60 38

  7. PDF 2023 Corporate Travel Index U.s. Per Diems Ranked

    U.S. PER DIEMS RANKED www.businesstravelnews.com Rank Among 100 US Cities City Risk Score ADR Hotel Q4 Incl Tax ADR Car Rental Q4 Incl Tax Total Daily

  8. Business Travel Trends: 2023 Outlook

    Overall travel budgets show an improvement over previous surveys, with 2023 budgets expected to be 98% of 2019 levels on average. Survey Highlights. Smaller companies lead demand for corporate travel. More than two-thirds (68%) of companies with under $1 billion in annual revenue expect travel budgets to increase next year, versus just 41% of ...

  9. Global Business Travel Association

    2023 GBTA Business Travel Index™️ Forecast Now Available. Annual outlook report now in its 15 th edition outlines top-level 5-year forecast for global business travel spending and other industry trends including current business traveler preferences and behaviors around the world. Learn more.

  10. Corporate Travel Index

    The 2023 Travel Manager Salary & Job Satisfaction Survey; People & the Planet - ESG in business travel ... The Spotlight Series The Hotlist (past years) Traveller Experience Index Corporate Travel Index Travel entry requirements BTN Europe podcasts Recent issues of BTN Europe. EVENTS. ... Business Travel Sustainability Summit and Awards Europe ...

  11. Business travel strong outlook in 2023

    By far, business travel respondents expect more recovery and growth for 2023 compared to this year. Over three-fourths (78%) of travel managers expect the number of business trips taken by ...

  12. New Research: The State of Corporate Travel and Expense 2023

    Corporate travel and expense (T&E) has started to look much different as companies renegotiate their policies in a new, unfamiliar business climate on this side of the Covid-19 pandemic. Over the ...

  13. Corporate Travel Index

    Published: March 29, 2023. BTN Europe's 2023 Corporate Travel Index is here. It's your free access to the managed travel industry's definitive guide to business travel costs in nearly 50 cities across Europe. Discover average hotel rates across five tiers, the cost of airport taxi transfers, average meal costs and city risk scores.

  14. Five trends shaping corporate travel in 2024

    The findings offer a snapshot of the attitudes and perceptions of business travelers from the U.S. and Canada. Research was conducted from Feb. 1-8, 2024, among 1,000 adults who travel for business at least once a year in the U.S. (500) and Canada (500). Here are five trends influencing business travel in 2024: 1.

  15. Global Business Travel Industry Forecast is for Accelerated Rebound

    Expected business travel spending accelerates due to pent-up demand, return of travel and meetings, improved COVID landscape, stable economic conditions and inflationary factors, according to the latest GBTA Business Travel Index™ Outlook report The global business travel industry has rebounded at a more accelerated rate than expected just a year…

  16. Travel Price Index (2023-12-20)| U.S. Travel Association

    Research: Developed by the U.S. Travel Association, the Travel Price Index (TPI) measures the one-month change in the cost of travel ("travel inflation") away from home in the United States on a seasonally adjusted basis and the 12-month change of the cost of travel away from home in the U.S. on a seasonally unadjusted basis. The TPI is released monthly and is directly comparable to the CPI.

  17. Press Release Travel Study 2023-2024

    Satisfaction across airlines, lodging, car rentals, and online travel agencies climbs again, returning to prepandemic levels, according to the American Customer Satisfaction Index (ACSI ®) Travel Study 2023-2024. The airline industry stands out, hitting an all-time customer satisfaction high of 77 after a second straight 1% year-over year ...

  18. Corporate Travel Index Calculator: Business Travel News

    Meal Prices: BTN rebuilt its meal and restaurant database in 2023. BTN will update meal data annually, using the following methodology. U.S. Meal Data: Cities with annual GDP above $95 billion: BTN surveyed six independent restaurants and three hotel restaurants for breakfast; six chain and six independent restaurants for each lunch and dinner ...

  19. US airlines are getting better

    The 2023-2024 American Customer Satisfaction Index's annual Travel Survey reveals which companies are most popular with US travellers. Menu icon A vertical stack of three evenly spaced horizontal ...

  20. Smart City Index 2024: Zurich, Oslo top list of world's smartest ...

    Food, Travel and Tech These are the 10 most welcoming cities for 2024—only 1 is in the U.S. Food, Travel and Tech New report: Top 10 destinations for international travel in 2023

  21. Global Business Travel Forecast 2023: Bookings, Spending and ...

    New research points to continued industry recovery, easing of supplier staffing constraints, and mixed outlook on China travel Global business travel is forecast to see an uptick in 2023 versus 2022. Companies are expected to send more employees on trips and travel suppliers anticipate an increase in corporate travel spending.…

  22. WWA Study Points to Role of Hot Oceans in Recent Dubai Floods

    Large parts of the Indian, Pacific and Atlantic Oceans have been hotter than usual recently, in part because of El Niño and other natural weather cycles, and in part because of human-induced warming.

  23. 2023 Global Business Travel Index™️ (BTI): What's In Store for Global

    For the past 15 years, the BTI has been a signature GBTA research study. It is a critical industry planning tool and benchmark that provides an exhaustive study of business travel spending and growth covering 72 countries across 42 industries and provides a five-year forward-looking forecast. It provides demand-side measurements of all…