Bringing you the latest in travel trends
Q3-2022 was the highest peak in travel for many years, according the latest Quarterly Trends Report from our corporate consulting team.
The Global Trends Report Q3-2022 has landed and with it some hot new trends across the corporate travel and accommodation sector.
Key takeaways from the report - :
- Most regions are reporting 90% airline capacity (matched against 2019 levels), with major air carriers like United Airlines, American Airlines, and Hong Kong’s Cathay Pacific forecast to exceed pre-pandemic levels in 2023.
- North America continues to lead airline recovery at 94% of 2019 seat volume
- Hotel rates are stabilising in key markets like New York, Hong Kong, London, Paris, Sydney, Tel Aviv, and Mexico City.
- Jet fuel remains high at US$144 per barrel^, however this has dropped US$31 on the Q2-2022 peak of US$175.
With travel demand and jet fuel prices high, labour shortages and supply chain issues still causing ripples, it’s time to lean on your SME business travel specialist for advice on managing costs.
Our Global Trends Report Q3-2022 includes strategies for businesses to manage rising prices and discusses how to buy smartly when it comes to getting clarity on differing fares and rates.
Download your copy
Using data sourced from our corporate travel bookings from July to September 2022, the report provides global and regional perspectives on the key trends across aviation, accommodation, and ground transport.
Download your copy today!