Post by mdkabila on Mar 11, 2024 7:50:22 GMT
According to the 2018 Global Travel Forecast – an annual forecast released by the Global Business Travel Association in collaboration with Carlson Wagonlit Travel – travel costs are expected to increase significantly over the next year, reaching almost a 4% increase in some microsectors. In particular, hotel prices will rise, on average, by 3.7%, with peaks of 14% in Scandinavia and 6.3% in Western Europe. “The geopolitical risks, the uncertainties that shake emerging markets and the constantly changing political contexts in both Europe and the USA push, today more than ever, those who work in the tourism field to take into consideration a whole series of factors at the moment to create and sell travel solutions" : these are the words of Jeanne Liu, vice president of research for the GBTA Foundation.
She continues: “To be successful, the solutions will have to calculate the geopolitical risks and, at the same time, the rapid changes underway in the supplier landscape, to identify the correct strategy and gradually adapt to the context.” According to Kurt Ekert, president and CEO of Carlson Wagonlit Denmark Phone Number Travel, the price increase is a consequence of economic growth and increased demand. “Globally we expect more spending, so the numbers in this forecast should be a clear sign of what 2018 will mean for global businesses.” The 2018 forecast for hotels If on a global scale hotel rates will be affected by an average increase of 3.7% , the same prediction cannot be made on a regional scale: in Europe the increases will be substantial, while the markets of other regions will not see the same fate and indeed, they will fight with inflation.
Furthermore, in Latin America and the Caribbean regions prices are even destined to fall. Suppliers will progressively distance corporate buyers from a regime of fixed tariffs, to increasingly push them towards a dynamic pricing system. There is also a global trend that has taken hold in “smarter” hotels – that of investing in core technologies, messaging, in-room entertainment and more. Guests are increasingly tech-savvy and will increasingly use apps to check in and out and also to control the TV and air conditioning in the room. Skyrocketing prices in Russia, Norway and New Zealand. Lowest in Japan In Asia and the Pacific, where economic growth will be reflected in increased demand and where individual markets are among the largest in the world, hotel prices are expected to increase by 3.
She continues: “To be successful, the solutions will have to calculate the geopolitical risks and, at the same time, the rapid changes underway in the supplier landscape, to identify the correct strategy and gradually adapt to the context.” According to Kurt Ekert, president and CEO of Carlson Wagonlit Denmark Phone Number Travel, the price increase is a consequence of economic growth and increased demand. “Globally we expect more spending, so the numbers in this forecast should be a clear sign of what 2018 will mean for global businesses.” The 2018 forecast for hotels If on a global scale hotel rates will be affected by an average increase of 3.7% , the same prediction cannot be made on a regional scale: in Europe the increases will be substantial, while the markets of other regions will not see the same fate and indeed, they will fight with inflation.
Furthermore, in Latin America and the Caribbean regions prices are even destined to fall. Suppliers will progressively distance corporate buyers from a regime of fixed tariffs, to increasingly push them towards a dynamic pricing system. There is also a global trend that has taken hold in “smarter” hotels – that of investing in core technologies, messaging, in-room entertainment and more. Guests are increasingly tech-savvy and will increasingly use apps to check in and out and also to control the TV and air conditioning in the room. Skyrocketing prices in Russia, Norway and New Zealand. Lowest in Japan In Asia and the Pacific, where economic growth will be reflected in increased demand and where individual markets are among the largest in the world, hotel prices are expected to increase by 3.