Flight Centre’s Corporate Traveller has shared six trends it believes will shape business travel in 2024 with experts predicting exciting changes from mid-next year.
The biggest influence is an increased capacity and greater competition among airlines which is anticipated to lower airfares and further boost business travel.
Tom Walley, Australia-based Global Managing Director of Corporate Traveller, the flagship SME division of Flight Centre Travel Group, says:
“The business travel industry is healthy and is already seeing some critical changes come through,” global MD, Corporate Travel – Flight Centre SME, Tom Walley, said.
‘Premium fares have already dropped, and we can expect to see economy fares come down by mid-2024 as flight capacity from international carriers increase.”
“We’re seeing travellers take advantage of being able to combine business and leisure travel. There’s also a real business focus on face-to-face meeting and collaboration, given the evidence that in-person meetings are the most productive way for businesses to operate.
“Overall, 2024 will bring good news for businesses that travel.”
Walley’s six forecasts for 2024:
Business travel remains a high priority despite economic impacts – Lower airfares in 2024 will open options for budget-conscious business flyers. While economic uncertainty poses concerns for any business, Walley said there would be a meeting point in the travel industry with falling travel costs.
Brisbane to take over Perth as the most popular destination for international business travel as Chinese carriers add capacity – Corporate Traveller’s booking data showed that Perth saw a 34 per cent growth in international business travel, compared with Melbourne and Sydney (each less than 10 per cent growth), Brisbane (25 per cent) and Adelaide (21 per cent).