Skift Take
It turns out that 2019 is no longer a good year to compare prices to. That should be a relief to anyone trying to explain why their travel budget looks so different now.
Business travel expenses are expected to steady next year, though at price levels surpassing historical averages, according to an industry forecast released Thursday.
Travel management company CWT and the Global Business Travel Association predicted that prices across various segments will show modest but steady increases through 2025.
The bottom line: Travel managers face higher costs and must adjust budgets and strategies accordingly.
By the Numbers Air: Global ticket prices are expected to rise 0.6% in 2025, according to an analysis of tens of millions of bookings by CWT for travelers.