REPORT

FCM Consulting’s Q3-2024 Global Quarterly Trend Report

fcm-q3-2024-assets-landing-hw-720x450.png

While economic uncertainty remains around the world, 2024 has continued to be a strong year for the travel industry. With flights 86.2% full in August 2024 and prices stabilising for economy and business fares in Q3-2024, airlines are now looking to further grow services and schedules to meet demand in 2025.  

On the ground, the average room rate for hotels is set to continue to rise as key cities report high occupancy. Hotel rates in every region around the world saw an average increase, with properties in gateway cities more than half full (September 2024 year to date). While the global average daily rate for car hire dropped 30% (vs Q3-2023) to US$52, above-average prices remain in India and mainland Europe, especially Germany, France and Italy.

fcm-q3-2024-assets-landing-thumb-600x600.png

 

 

 

 

Key business travel trends takeaways from Q3-2024

 

  • Global airline capacity is expected to reach new heights in H1-2025.  
  • Airline income from ancillaries (bags, meals etc) increased 32.5% in 2023 vs 2022.  
  • Europe and the Americas saw hotel rates increase, while decreases were noted in APAC and Middle East & Africa.   
  • Car hire global average daily rates decreased 30% in Q3-2024 vs the same quarter last year. 

Empower your travel programme with global insights and data points. Download FCM Consulting’s Q3-2024 Global Trend Report today. 

 



By proceeding, I agree to the website terms of use and to my personal information being handled in accordance with the privacy notice accessible below