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Q1-2024 saw steady growth in business travel, a trend expected to continue into Q2-2024, per FCM Consulting’s Global Quarterly Trend Report. While global airfare prices were 11% higher than in 2019, they dropped 16% in January 2021. Kenji Soh, General Manager of FCM Travel Southeast Asia, noted rising travel demand and corporate budgets despite global inflation and uncertainties. The "bleisure" trend led to longer trip durations and more advanced bookings. Forecasts indicate a 3.6% increase in monthly seats offered from May to December 2024 compared to 2019, with low-cost carriers gaining market share.
Flight Centre Travel Group (FCTG), one of the world’s largest travel management companies, has announced the establishment of an ‘AI Centre of Excellence,’ a new global division that will focus on promoting, adopting, and integrating artificial intelligence technologies into the company’s corporate divisions.
The pulse of corporate travel is quickening, propelled by a shift in how we work. Let’s face it - remote work is well and truly a fixture now, promising enhanced well-being and work-life equilibrium. What will the outcome be for 2024? We unravel the Top 6 Predictions of Business Travel for 2024 by blending insights from our experts with the experts at Travelport.
FCM, a global travel management company, is transforming its customer base with AI to enhance intelligence, creativity, and expertise. The company is utilizing generative AI initiatives, automating email itineraries, capturing leaked reservations, and coordinating travel requests. FCM's AI features address client pain points through integrated customer experience layers and interactive reporting, helping corporate clients stay ahead of the evolving travel landscape.