A year before my wife's 52nd birthday, I knew I wanted to do something special to celebrate the milestone. She loves to travel as much as I do, so I started planning a surprise trip.
Business Travel Costs to Rise as Corporate Demand Normalizes
19.09.2024 - 08:03 / skift.com / Sean Oneill
Business travel expenses are expected to steady next year, though at price levels surpassing historical averages, according to an industry forecast released Thursday.
Travel management company CWT and the Global Business Travel Association predicted that prices across various segments will show modest but steady increases through 2025.
The bottom line: Travel managers face higher costs and must adjust budgets and strategies accordingly.
Business travel is nearly back – but with an asterisk. Road warriors aren’t taking as many trips, longer stays are becoming the norm, and traveler health is a primary focus. So, for those hotels willing to pivot, there’s an opening to snag these lucrative guests.
What am I looking at? The performance of travel tech sector stocks within the ST200. The index includes companies publicly traded across global markets including online travel, booking, and travel tech companies.
The Skift Travel 200 (ST200) combines the financial performance of nearly 200 travel companies worth more than a trillion dollars into a single number. See more travel tech sector financial performance.
Read the full methodology behind the Skift Travel 200.
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