What Will Happen to Corporate Travel Prices in 2018?

Carlson Wagonlit Travel

Growing demand and rising crude oil prices will cause average worldwide corporate negotiated airfare to increase in 2018, according to Carlson Wagonlit Travel's 2018 Global Travel Forecast. That's despite an anticipated 6 percent jump in capacity. Meanwhile, fare segmentation will put downward force on base fares. For hotel rates, the 3.7 percent increase in the global average daily rate belies bigger bumps coming in Europe. However, the upcoming RFP season also is the first in which the recent wave of hotel mergers will have an impact.

 CWT Solutions Group Americas senior director Katie Raddatz filled BTN in on more of CWT's forecast: