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Business travellers to see industry-wide fare rises in 2023

10 August 2022 | Catie Owen | CMW

Global travel prices are predicted to continue to increase in Q3 and Q4 of 2022 and throughout 2023, according to the 2023 Global Business Travel Forecast. Published on 10 August by CWT, a B2B4E travel management platform, and the Global Business Travel Association (GBTA), the Forecast covers the drivers behind the increasing prices. According to the report, these are rising fuel prices, labour shortages, and inflationary pressures in raw material costs.

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