The Cost of Biz Travel Is Rising—But So Is Spending
MeetingsNet
AUGUST 14, 2023
The CWT/GBTA forecast says the ADR for group hotel bookings will rise from $297 in 2022 to $321 in 2024, with food-and-beverage costs seeing a similar jump: While demand for meetings and events “had rebounded sharply,” the report notes that meeting buyers are still expecting pre-pandemic pricing. trillion in 2024.
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