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The Cost of Biz Travel Is Rising—But So Is Spending

MeetingsNet

As organizations build their budgets for next year’s meetings, they shouldn’t expect any relief from the increasing cost of airfares, hotels, and other services, according to the recently released 2024 Global Business Travel Forecast from CWT and the Global Business Travel Association. The CWT/GBTA report sees a 4.3 trillion in 2024.

Travel 52
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Skyrocketing Costs Squeeze Event Budgets

Velvet Chainsaw

Travel costs are rising due to strong demand (led by the leisure sector). As food-and-beverage costs increase for venues, those expenses are passed directly to event organizers. A 2022 CWT report estimated the cost-per-attendee for meetings and events to be “25% higher than in 2019, with this set to rise by another 7% in 2023.”

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6 Budget-Saving Tips for 2019: Maximize Your Event Budget, Not Your Spend

Eventmobi

Thankfully, with a few savvy budget-saving tips, you can run a successful, professional event with minimum event budget costs in 2019. Ask businesses to sponsor the entire event – providing the venue, food, and A/V equipment, or just one element. Pay for the food – not the catering. to cover your event costs.

2019 150
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Hotel Squeeze: Meetings-Focused Properties Expect Strong Demand in '24

MeetingsNet

Recent research finds luxury travelers shifting their accommodation preferences, while the group segment is running well ahead of the transient-business segment. In fact, group business ( see chart ) has recovered to the point that more group rooms were sold in October 2023 than in October 2019. percent) and guest-room rate (3.0

Hotels 72
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Smart Moves in Chicago, Arizona and More

Smart Meetings

Ali Amin Ali Amin, One10 Leading travel, events, incentives and marketing services company One10 has appointed Amin EVP, Product Management and leader in SaaS product. Currently, she serves as vice president of the Global Business Travel Association Tennessee Chapter and on the global association’s Government Relations Committee.

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CDC Will Allow Cruise Travel to Resume This Summer   

Smart Meetings

Travel Association president and CEO Roger Dow seconded the request, saying, “Restrictions have taken a disproportionately heavy toll on the travel industry and our millions of workers, and the rule preventing cruise operations is uniquely specific. It will span five continents, ferrying travelers to 66 destinations in 34 countries.

Travel 105
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Mike Dominguez: Hotel, F&B Prices Aren’t Going Down, and Other Predictions for 2023

Smart Meetings

Dominguez noted that even though mega-conferences were absent last year, borders are now largely open and travel is back with a vengeance. Travel is back, in Dominguez’s eyes. Travel is back, in Dominguez’s eyes. For those who did some ‘revenge travel’ last year, Dominguez says ‘revenge meetings’ is the next thing.

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