Business travel builds significant momentum

The first quarter has seen the positive momentum for both leisure and business travel, according to FCM Consulting, one of the world’s largest TMCs

May 11, 2023

Although international airfares increased in Europe by 8% for business class and 14% for economy in the first two months of 2023, compared to the same period in 2019, FCM said there is still a high demand for business travel.

Key takeaways

  • Corporate travel demand remained strong despite the mixed economic conditions, with securing options and booking lower prices driving corporate travelers to book online early;
  • On the accommodation side of things, Q1-2023 saw average room rates in Europe increase by 7% year-on-year;
  • The FCM view is that there is a growing demand for lifestyle hotels. These are categorized as hotels with lobbies encouraging interactions, offering green initiatives and well-being choices, and having slick technology.

Get the full story at Business Plus and FCM Consulting

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