A new report by CWT and GBTA predicts a slowdown in the rapid rise of business travel costs, offering a ray of hope for companies grappling with inflated travel expenses. While prices are expected to continue climbing, the report suggests a more moderate pace of increases in the coming years.
Global business travel and event costs are stabilizing after significant increases in recent years. According to a new forecast, prices will continue to rise, but at a slower pace, creating a more predictable environment for business budgeting. Businesses are advised to focus on geopolitical factors, inflation, and sustainability concerns.
