FCM Consulting's latest Global Trends Report shows that demand for business and leisure travel in Q1-2023 is forecast to be at 85.5 per cent of 2019 levels. Corporate travel demand remained strong, with a 27 per cent rise in online adoption and average days away held firm at 2.9. Global hotel occupancy for the quarter was 60.46 per cent. Air travel is predicted to stabilise this year, with added capacity in H1-2023 and airfares moderating in the second half 2023. Asia saw the highest seat growth in Q1-2023 vs Q4-2019, with a 12.2 per cent increase.
Global corporate travel experts, FCM welcomes the removal of hotel quarantine restrictions for incoming travellers to Hong Kong from 26 September. Clearly, this is great news for Hong Kong and its business community.
While FCM has previously assisted its portfolio of large national and multi-national clients through Japanese agency partnerships, this investment in a direct-to-market strategy means they now benefit from access to a full range of products and services anchored by FCM’s game-changing platform.
Following a slew of reopening timeline announcements in March by key Asian economies, FCM picks-up pace highlighting strong fundamentals behind business travel in the region
Starting from April 1, Singapore will reopen its borders to all fully vaccinated travellers, removing all existing vaccinated travel lanes (VTL) and unilateral opening arrangements to transition into a simplified vaccinated travel framework (VTF).
FCM’s parent Flight Centre Travel Group (FLT) has reinforced its commitment to providing customers with the widest choice of airfares by increasing its investment in travel technology business TP Connects (TPC).
In the newly created role, Michelle will work closely with teams from FLT and its corporate brands across all levels to help ensure the company’s business practices are economically, environmentally and socially sustainable.
