Tag: travel costs
Business travel fights back against inflation with airfare re-shopping
Soaring flight prices, persistent inflation in South Africa, and rising hotel rates in major business hubs have yet to deter business travel. In fact, the GBTA Business Travel Outlook 2023 illustrates global business travel is expected to recover to its pre-pandemic level in 2024, a full two years earlier than anticipated.
SA’s business travel budgets – how do they stack up globally?
With 2024 approaching, many businesses will be reviewing and adjusting their travel budgets in light of spending predictions for the coming year. In terms of benchmarks, the Global Business Travel Association (GBTA) puts the average global spend at around $829 per business trip (R14,922).
