Advito, BCD Travel’s consulting arm, has released its quarterly Industry Forecast Update—a graphical guide to how economic growth, inflation, oil prices and other factors are affecting the pace and price of business travel.
Among Advito’s latest findings:
- Global economic growth will be healthier than previously forecast, as North America, Asia and Africa continue to expand
- Demand in Latin America is leading to airfare and hotel rate hikes that significantly exceed price rises in other markets.
- A drop in the price of oil could give an additional boost to the global economy, but only if supplies remain steady.
Ask your account manager how these changes might affect your travel program—and how Advito can help you prepare.
