FCM tips

India’s business travel spending is set to reach $38 billion this year, with a projected full recovery to pre-2019 spending levels by 2025, according to the Global Business Travel Association (GBTA).

Incentive trips are making a comeback, according to FCM Meetings & Events India. The corporate travel firm noted a 30% jump in requests for them in the first quarter from a year earlier.

The corporate division of Flight Centre Travel Group is outperforming the company’s leisure travel bookings, pointing to a comeback for a sector that has suffered significant cutbacks during the pandemic.

Corporate travel agencies are facing new pressures to separate their bundled services from company travel managers looking to cut costs and add flexibility.

Marriott is looking to meet new demands from company travel managers, following a ramp up in requests for more culture and trust-boosting team meetings.

FCM Travel, Flight Centre’s principal corporate-focused agency, is gaining from the business travel pick-up in every part of the world — apart from Asia. As a whole, the Australian group only managed to break even in the region, according to its 2023 first-half results, when taking into account business and leisure sales.