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Business travel news 2018 forecast

business travel news 2018 forecast

was established in 1997 to support gbtas members and the industry as a whole. Another trend worth noting is that hotels currently being sourced are often outside metropolitan areas, with clients looking for hotels close to partner locations that are away from larger centers. The value we create as meeting professionals has not only been recognized by corporations, but also in the investment community, which will help fuel innovation and further investments. North America will see prices rise by a modest.3 percent, according to our projections. As the leading education and research foundation in the business travel industry, the gbta Foundation seeks to fund initiatives to advance the business travel profession. Additionally, prices are expected to fall in Latin America and the Caribbean.

With its halt on hotel construction, Barcelona may join the top five cities for occupancy rates, while Amsterdam has implemented a hotel stop policy to limit new hotel development. Uber is betting big on its Latin American business (despite issues in Brazil, Peru and Argentina) especially after its recent departure from the Chinese market. Brazil and Mexico are anticipating increased demand for car rentals in 2018 as their economies rebound. We expect the impact of the 2017 mergers will be felt during the 2018 RFP season. 2018 Ground Transportation Projections Ground transportation pricing is expected to rise only.6 percent in 2018 (but.5 percent by 2022). Increasingly tech-savvy guests will use apps to check in and out, unlock their hotel room door, operate the television remotely and control room temperature. Gbta provides its growing network of more than 28,000 travel professionals and 125,000 active contacts with world-class education, events, research, advocacy and media. Every day we look after enough travelers to fill almost 200 Boeing 747s and around 100,000 hotel rooms, and handle 95 corporate events. Meanwhile, Malaysia and Singapore are pushing ahead with a high-speed rail line from Kuala Lumpur to Singapore. International demand is growing more slowly, but remains generally underserved. Boston : According to the 2018, global, travel, forecast, travel prices are expected to rise sharply in the coming year, reaching nearly 4 percent increases in some sectors.