Annual hotel analysis explores growing role of technology in corporate lodging, and charts rise of non-traditional hotel options
Business Travelers Happy with Travel Experience Despite 54% Having Travel Mishaps
After posting sharp rises in 2019, prices in the global travel industry are likely to slow in 2020, with flights rising a modest 1.2%, hotels rising only 1.3%, and rental car rates up 1%, according to the sixth annual Global Travel Forecast, published today by CWT and GBTA. While the global economy is doing well overall - and expected to grow a solid 3.6% in 2020 - a raft of uncertainties are set to put a damper on pricing.
Travel to and within the U.S. grew 2.4% year-over-year in June, according to the U.S. Travel Associations latest Travel Trends Index (TTI) - travels worst performance since September 2018.