Travel buyers, are you in the process of developing your travel program or budget for 2019?
Before you finalise your travel budget for 2019, make sure you take into account the global travel pricing trends for air, hotel and ground transportation for the year ahead.
United Kingdom: As Brexit looms, look for the fine print from European based airlines, which may include Brexit caveats in tickets sold for travel after March 2019. The warning: Flights might be grounded by “the regulatory environment.”
China: If you are managing air travel for employees based in China, make sure they’re on the “white list” you provide to air carriers, or to avoid your travelers missing out on discounted corporate fares.
India: If you are negotiating with Indian airlines, be aware that extras like baggage and preferred seat assignment are often bundled into the total price, driving up the cost.
United States: The vast number of hotel openings and alternative accommodations (think Air BnB) that pushed rates down in New York City in 2018 look to be at an end. Expect rates to increase in 2019 when new supply slows.
For even more travel trends, take a look at our friends in BCD Travel's blog.
Business travel is increasing, which means so are your business travel expenses. Did you know you can reclaim up to 27% back on these expenses and increase cash flow into your business through VAT reclaim!?
Speak to our experts now and learn how much you stand to save.
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