Rising costs and climate concerns drive up travel budgets
Survey finds that rising climate concerns are already leading to significant changes to travel policies for 61 percent of the buyers
UK-based travel buyers are expecting their budgets to be pushed up in 2024 by factors such as rising costs, changing work habits and an increased focus on sustainable travel, according to a survey by Uber for Business.
Key takeaways
- Travel was a growing business priority this year for 89 per cent of the 250 UK corporate travel buyers surveyed;
- More than half said that inflation and rising travel costs were expected to contribute to higher travel budgets in 2024, while a similar number thought that hybrid working patterns and return-to-the-office mandates would also inflate budgets;
- Around half said that meeting their organizations’ ESG requirements for more sustainable business travel would also push up spending.
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