Global business travel demand “peaked” in the third quarter yet appears set to continue growing into 2025, spurring air carriers to increase capacity, according to FCM Consulting’s Global Quarterly Trend Report, released on Wednesday.
Nevertheless, some corporate air, hotel and car rental rates slipped during the quarter even amid demand increases as inflation slowed, according to the travel management company.
The average booked economy class airfare across more than 380 city pairs worldwide in 2024 through August was $507, according to FCM, down $16 from the same period in 2023. The average business class airfare in the same timeframe in 2024 increased about 6 per cent year over year, around a $137 hike.
Noting the record-high…
Boutique Travel VC raises investment cap from $1.5M to $10M to lead rounds and support portfolio companies through growth Travel...
Read moreDetails
