Your corporate travel budget in the biggest election year in history
05/22/24 • 18 min
The prices of plane tickets, hotel rooms and ground transportation for business travelers are determined by an array of industry and macro-economic factors like capacity, leisure travel volume, inflation, and fuel charges. This year, is there a new driver in the mix?
Over 60 countries have, or will head to the polls in 2024, the biggest global election year in history.
CWT's Emma Woodhouse talks to Chris Ely, Research Director of the Global Business Travel Association (GBTA) and Shawn DuBravac, NY Times bestselling author, futurist, economist and analyst about the CWT GBTA Global Business Travel Forecast, whether elections and precarious geopolitical environments will impact the cost of travel, and what companies and organizations of all sizes can expect in the months ahead from their budget allocation.
Find out:
- The near-term pricing outlook for airfares and hotel average daily rates, plus why.
- The relationship between AI, the changing nature of work, and implications for the value and purpose of business travel.
- What to expect regionally from the price of travel
Spend wisely
How will 2024 pricing change your corporate travel program?
Assess your spend and allocate your budget wisely using our calculator.
The prices of plane tickets, hotel rooms and ground transportation for business travelers are determined by an array of industry and macro-economic factors like capacity, leisure travel volume, inflation, and fuel charges. This year, is there a new driver in the mix?
Over 60 countries have, or will head to the polls in 2024, the biggest global election year in history.
CWT's Emma Woodhouse talks to Chris Ely, Research Director of the Global Business Travel Association (GBTA) and Shawn DuBravac, NY Times bestselling author, futurist, economist and analyst about the CWT GBTA Global Business Travel Forecast, whether elections and precarious geopolitical environments will impact the cost of travel, and what companies and organizations of all sizes can expect in the months ahead from their budget allocation.
Find out:
- The near-term pricing outlook for airfares and hotel average daily rates, plus why.
- The relationship between AI, the changing nature of work, and implications for the value and purpose of business travel.
- What to expect regionally from the price of travel
Spend wisely
How will 2024 pricing change your corporate travel program?
Assess your spend and allocate your budget wisely using our calculator.
Previous Episode
Beyond Bamboo Straws: How to elevate the sustainability of your meetings and events starting today
Rachel Lunderborg, Head of Global Process and Technology at CWT Meetings & Events is joined by Kit Aspen, Founder and Director of award-winning carbon intelligence platform Thrust Carbon, and Rachel Munns, Head of Sustainability at World Wise Foods.
CWT Meetings & Events this year co-developed a meetings and events carbon calculator with Thrust Carbon, known for powering sustainability behind over $50 billion of travel spend.
As CWT Meetings & Events sees its projects more than double since last year now organizing over 30,000 meetings and events globally in 2023, the calculator’s reporting signposts specific event elements where greener solutions could and should be sought - be that event destination, transportation, accommodation and venues, food and beverage, material, and/or waste management.
From tiny team meetings to enormous expos, events is one of the hardest areas to understand, analyze and materially reduce environmental impact. Covering all aspects from the measurable to the data unknowns and the critical role of supply chains, this trio of sustainability experts unpacks the future of sustainability in meetings and events.
Find out:
- How the right mix of data and due diligence can set the trajectory for sustainable events with unexpected benefits to engagement and productivity.
- What information to glean from your suppliers, and their suppliers from both an environmental and social standpoint.
- What incremental change really means in the context of ambitious corporate sustainability goals.
Next Episode
Blue-Sky Thinking: Is sustainable aviation fuel the key to decarbonizing business travel?
The production and adoption of sustainable aviation fuel (SAF) is gaining critical momentum. As demand for air travel increases worldwide, corporate travel customers must play a leading role in the race to decarbonize aviation. But, it's no mean feat for travel managers looking to balance cost and sustainability, while staying clued-in to developments,
CWT's Global Head of ESG Richard Thompson talks to Dan Kreibich, Founder and Chief Product Officer of climate tech company Squake and Susanne Bouma, Head of Partnerships & Programs (aviation) at SAF-producer Neste, responsible for accelerating emission reductions through partnerships to increase SAF uptake. Together they unpack the mandates, cost, challenges, opportunities and future of SAF and other carbon removal offerings, for corporate travel customers.
Find out:
- How the 'book-and-claim' method works and why there's scepticism about the effectiveness of carbon offsetting.
- What risks and opportunities do global SAF mandates present?
- The premiums corporates can expect to pay for SAF, and the value it brings.
- The perils of 'double-claiming'
- How to incorporate SAF and other solutions to your sustainable travel strategy.
Learn how CWT and Squake's partnership helps corporate travel programs access sustainable aviation fuel at scale here.
Business Travel On The Fly - Your corporate travel budget in the biggest election year in history
Transcript
Emma Woodhouse 0:03
Good morning, good afternoon, good evening and wherever you are in the world, welcome to Business Travel on the Fly. I’m Emma Woodhouse, Global Communications at CWT. CWT is a business travel and meetings specialist operating in 139 countries with whom companies and governments partner to keep their people connected, at traditional business locations and some of the most remote and inaccessible parts of the globe. For 9 years CWT has collaborated with the voice of
If you like this episode you’ll love
Episode Comments
Generate a badge
Get a badge for your website that links back to this episode
<a href="https://goodpods.com/podcasts/business-travel-on-the-fly-110264/your-corporate-travel-budget-in-the-biggest-election-year-in-history-52825288"> <img src="https://storage.googleapis.com/goodpods-images-bucket/badges/generic-badge-1.svg" alt="listen to your corporate travel budget in the biggest election year in history on goodpods" style="width: 225px" /> </a>
Copy