Corporate travel demand remains strong in Q1 2023: FCM Consulting

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Q1 2023 corporate travel demand remained strong despite the mixed economic conditions, with securing options and booking lower prices driving corporate travellers to book online early, stated FCM Consulting’s latest Global Trends Report.
“Despite mixed economic conditions, corporate travel demand remained strong in Q1 2023. High global inflation rates continue to put pressure on costs and the travel industry eco-system has reviewed operating costs, changed pricing, upgraded technology to drive efficiency to reduce underlying costs and removed disruption and risks,” said Bertrand Saillet, Managing Director, FCM Asia.
Saillet added, “Not only are in-person meetings the leading reason for corporate travel but business travellers are also booking online, early, to secure lower prices. Domestic booking trends for Q1 2023 versus Q1 2022 also saw a 27 per cent increase in online adoption.”