www.meetingsnet.com
Open in
urlscan Pro
2606:4700::6810:1c6d
Public Scan
Submitted URL: https://r20.rs6.net/tn.jsp?f=001HEk03mVKLiDoRxsr-wr5pM-PZ1X3ZN7bVpqiS7kSJVq6RSWr7PYRymsDSaoq9-l-Df_KJ0kLDH0wztgwq5Xy...
Effective URL: https://www.meetingsnet.com/global-meetings/cost-biz-travel-rising-so-spending
Submission: On September 25 via manual from US — Scanned from DE
Effective URL: https://www.meetingsnet.com/global-meetings/cost-biz-travel-rising-so-spending
Submission: On September 25 via manual from US — Scanned from DE
Form analysis 1 forms found in the DOM
POST /comment/reply/48551
<form class="comment-form" action="/comment/reply/48551" method="post" id="comment-form" accept-charset="UTF-8">
<div>
<div class="user-comment-body">
<div class="user-comment-field">
<div class="user-photo">
<img class="user-thumb-img" src="https://www.meetingsnet.com/sites/all/themes/penton_core_theme/images/account-default-image.png" alt="">
</div>
<div class="user-content">
<div class="user-name">
<a href="/" class="js-penton-user-url-profile" data-feathr-click-track="true" data-feathr-link-aids="["591b1b0067aa35614ce78f43"]"></a>
</div>
<div class="user-comment">
<div class="field-type-text-long field-name-comment-body field-widget-text-textarea form-wrapper" id="comment_body">
<div id="comment-body-add-more-wrapper">
<div class="text-format-wrapper">
<div class="form-item form-type-textarea form-item-comment-body-und-0-value">
<label class="element-invisible" for="edit-comment-body-48551">Comment <span class="form-required" title="This field is required.">*</span></label>
<div class="form-textarea-wrapper resizable textarea-processed resizable-textarea"><textarea class="text-full ckeditor-mod form-textarea required ckeditor-processed" placeholder="Be the first to comment..."
id="edit-comment-body-48551" name="comment_body[und][0][value]" cols="60" rows="5" style="visibility: hidden; display: none;"></textarea>
<div id="cke_edit-comment-body-48551" class="cke_1 cke cke_reset cke_chrome cke_editor_edit-comment-body-48551 cke_ltr cke_browser_webkit" dir="ltr" lang="en" role="application"
aria-labelledby="cke_edit-comment-body-48551_arialbl"><span id="cke_edit-comment-body-48551_arialbl" class="cke_voice_label">Rich Text Editor, edit-comment-body-48551</span>
<div class="cke_inner cke_reset" role="presentation"><span id="cke_1_top" class="cke_top cke_reset_all" role="presentation" style="height: auto; user-select: none;"><span id="cke_12" class="cke_voice_label">Editor
toolbars</span><span id="cke_1_toolbox" class="cke_toolbox" role="group" aria-labelledby="cke_12" onmousedown="return false;"><span id="cke_13" class="cke_toolbar cke_toolbar_last" role="toolbar"><span
class="cke_toolbar_start"></span><span class="cke_toolgroup"
role="presentation"><a id="cke_14" class="cke_button cke_button__bold cke_button_off" href="javascript:void('Bold')" title="Bold (Ctrl+B)" tabindex="-1" hidefocus="true" role="button" aria-labelledby="cke_14_label" aria-describedby="cke_14_description" aria-haspopup="false" aria-disabled="false" onkeydown="return CKEDITOR.tools.callFunction(2,event);" onfocus="return CKEDITOR.tools.callFunction(3,event);" onclick="CKEDITOR.tools.callFunction(4,this);return false;" data-feathr-click-track="true" data-feathr-link-aids="["591b1b0067aa35614ce78f43"]"><span class="cke_button_icon cke_button__bold_icon" style="background-image:url('https://www.meetingsnet.com/sites/all/modules/contrib/ckeditor/ckeditor/plugins/icons.png?t=JB9C');background-position:0 -24px;background-size:auto;"> </span><span id="cke_14_label" class="cke_button_label cke_button__bold_label" aria-hidden="false">Bold</span><span id="cke_14_description" class="cke_button_label" aria-hidden="false">Keyboard shortcut Ctrl+B</span></a><a id="cke_15" class="cke_button cke_button__italic cke_button_off" href="javascript:void('Italic')" title="Italic (Ctrl+I)" tabindex="-1" hidefocus="true" role="button" aria-labelledby="cke_15_label" aria-describedby="cke_15_description" aria-haspopup="false" aria-disabled="false" onkeydown="return CKEDITOR.tools.callFunction(5,event);" onfocus="return CKEDITOR.tools.callFunction(6,event);" onclick="CKEDITOR.tools.callFunction(7,this);return false;" data-feathr-click-track="true" data-feathr-link-aids="["591b1b0067aa35614ce78f43"]"><span class="cke_button_icon cke_button__italic_icon" style="background-image:url('https://www.meetingsnet.com/sites/all/modules/contrib/ckeditor/ckeditor/plugins/icons.png?t=JB9C');background-position:0 -48px;background-size:auto;"> </span><span id="cke_15_label" class="cke_button_label cke_button__italic_label" aria-hidden="false">Italic</span><span id="cke_15_description" class="cke_button_label" aria-hidden="false">Keyboard shortcut Ctrl+I</span></a><a id="cke_16" class="cke_button cke_button__blockquote cke_button_off" href="javascript:void('Block Quote')" title="Block Quote" tabindex="-1" hidefocus="true" role="button" aria-labelledby="cke_16_label" aria-describedby="cke_16_description" aria-haspopup="false" aria-disabled="false" onkeydown="return CKEDITOR.tools.callFunction(8,event);" onfocus="return CKEDITOR.tools.callFunction(9,event);" onclick="CKEDITOR.tools.callFunction(10,this);return false;" data-feathr-click-track="true" data-feathr-link-aids="["591b1b0067aa35614ce78f43"]"><span class="cke_button_icon cke_button__blockquote_icon" style="background-image:url('https://www.meetingsnet.com/sites/all/modules/contrib/ckeditor/ckeditor/plugins/icons.png?t=JB9C');background-position:0 -216px;background-size:auto;"> </span><span id="cke_16_label" class="cke_button_label cke_button__blockquote_label" aria-hidden="false">Block Quote</span><span id="cke_16_description" class="cke_button_label" aria-hidden="false"></span></a></span><span
class="cke_toolbar_end"></span></span></span></span>
<div id="cke_1_contents" class="cke_contents cke_reset" role="presentation" style="height: 100px;"><span id="cke_21" class="cke_voice_label">Press ALT 0 for help</span><iframe src="" frameborder="0"
class="cke_wysiwyg_frame cke_reset" title="Rich Text Editor, edit-comment-body-48551" aria-describedby="cke_21" tabindex="0" allowtransparency="true" style="width: 100%; height: 100%;"
data-gtm-yt-inspected-12880440_25="true" data-gtm-yt-inspected-77="true"></iframe></div><span id="cke_1_bottom" class="cke_bottom cke_reset_all" role="presentation" style="user-select: none;"><span id="cke_1_resizer"
class="cke_resizer cke_resizer_vertical cke_resizer_ltr" title="Resize" onmousedown="CKEDITOR.tools.callFunction(0, event)">◢</span><span id="cke_1_path_label" class="cke_voice_label">Elements path</span><span
id="cke_1_path" class="cke_path" role="group" aria-labelledby="cke_1_path_label"><span class="cke_path_empty"> </span></span></span>
</div>
</div>
<div class="grippie" style="display: none;"></div>
</div>
</div>
<a class="ckeditor_links" style="display: inline;" href="javascript:void(0);" onclick="javascript:Drupal.ckeditorToggle(['edit-comment-body-48551'],'Switch to plain text editor','Switch to rich text editor');" id="switch_edit-comment-body-48551" data-feathr-click-track="true" data-feathr-link-aids="["591b1b0067aa35614ce78f43"]">Switch to plain text editor</a>
<fieldset class="filter-wrapper element-invisible form-wrapper" id="edit-comment-body-und-0-format">
<div class="fieldset-wrapper">
<div class="filter-help form-wrapper" id="edit-comment-body-und-0-format-help">
<p><a href="/filter/tips" target="_blank" data-feathr-click-track="true" data-feathr-link-aids="["591b1b0067aa35614ce78f43"]">More information about text formats</a></p>
</div>
<div class="form-item form-type-select form-item-comment-body-und-0-format">
<label for="edit-comment-body-und-0-format--2">Text format </label>
<select class="filter-list form-select" id="edit-comment-body-und-0-format--2" name="comment_body[und][0][format]">
<option value="comments" selected="selected">Comments</option>
<option value="plain_text">Plain text</option>
</select>
</div>
<div class="filter-guidelines form-wrapper filter-guidelines-processed" id="edit-comment-body-und-0-format-guidelines">
<div class="filter-guidelines-item filter-guidelines-comments" style="display: block;">
<h3 style="display: none;">Comments</h3>
<ul class="tips">
<li>Allowed HTML tags: <em> <strong> <blockquote> <br> <p></li>
</ul>
</div>
<div class="filter-guidelines-item filter-guidelines-plain_text" style="display: none;">
<h3 style="display: none;">Plain text</h3>
<ul class="tips">
<li>No HTML tags allowed.</li>
<li>Web page addresses and e-mail addresses turn into links automatically.</li>
<li>Lines and paragraphs break automatically.</li>
</ul>
</div>
</div>
</div>
</fieldset>
</div>
<a href="#" class="publish js-publish user-comment__publishbtn" data-feathr-click-track="true" data-feathr-link-aids="["591b1b0067aa35614ce78f43"]" style="display: none;">Publish</a><span class="comment-error"
style="display: inline;"><a href="/penton_modal/nojs/login" class="ctools-use-modal ctools-modal-modal-popup-login ctools-use-modal-processed" rel="nofollow" data-feathr-click-track="true" data-feathr-link-aids="["591b1b0067aa35614ce78f43"]">Log in or register to comment</a></span>
</div>
</div>
</div>
</div>
</div>
</div>
<input type="hidden" name="cid" value="">
<input type="hidden" name="pid" value="">
<input type="hidden" name="form_build_id" value="form-ORNLu8w13h1XeYpJQYWK6F-IVs7usxgkM6mEWmFCzks">
<input type="hidden" name="form_id" value="comment_node_article_form">
<input type="hidden" name="captcha_sid" value="59040803">
<input type="hidden" name="captcha_token" value="e515b9abc47fefa5b3354730e1d551c7">
<div class="element-invisible">
<div class="form-actions form-wrapper" id="edit-actions"><button id="edit-submit-48551" name="op" value="Save" class="form-submit ajax-processed">Save</button>
</div>
</div>
<div class="url-textfield">
<div class="form-item form-type-textfield form-item-url">
<label for="edit-url">Leave this field blank </label>
<input autocomplete="off" type="text" id="edit-url" name="url" value="" size="20" maxlength="128" class="form-text">
</div>
</div>
</div>
</form>Text Content
We use cookies to improve your website experience. To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy. By continuing to use the website, you consent to our use of cookies. × Google Tag Manager Skip navigation Informa Meetings Net is part of the Informa Connect Division of Informa PLC * Informa PLC * About us * Investor relations * Talent This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726. Discover: * Advertise * Digital Edition * Webinars * White Papers * Pharma Forum * The Special Event * More * Special Events * Catersource * Leading Caterers of America Menu Log In or Register * Meeting Planning Toolbox * Corporate Meetings & Events * Association Conventions & Expos * Medical & Pharma Meetings * Incentive Meetings & Merchandise * Event Tech & Virtual Meetings * Global Events Planning * Career/Life/Travel * Destination & Venue News * IdeaXchange * Special Reports * Advertise * Digital Edition * Webinars * White Papers * Pharma Forum * The Special Event * Special Events * Catersource * Leading Caterers of America * Newsletters * About Us * Contact * Advertise * Privacy Statement * Terms of Service * Cookie Policy * Ad Choices * Search * Log In * Register * SUBSCRIBE NOW Recent Recent Vegas Hotel Workers to Vote on Strike Authorization Sep 22, 2023 Major Events Firm Pushes Hard on Sustainability Certification Sep 22, 2023 -------------------------------------------------------------------------------- FCM M&E Announces Expansion, Promotes Global Leader Sep 22, 2023 New Report: Executives Need to Hear of the Importance of Meetings Sep 21, 2023 Featured The 2023 CMI 25: Top 25 Meeting & Incentive Companies Sep 12, 2023 Planning for the Planet Jun 13, 2023 Help Wanted: Can Supplier-Staff Shortages Derail Events? Mar 10, 2022 Planners at Their Breaking Point May 03, 2022 Global Meetings THE COST OF BIZ TRAVEL IS RISING—BUT SO IS SPENDING How much will your meetings cost next year? Projections from CWT and GBTA suggest 2 to 3 percent more than in 2023. Sue Hatch | Aug 14, 2023 Save 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. However, there is some good news from the report: Price rises are likely to moderate. One example is an expected slowdown in airfare increases. After an eye-watering 72 percent jump in the average ticket price in 2022, average round-trip ticket prices are expected to finish 2023 just 2.3 percent higher than 2022 at $766. And in 2024, the forecast is for round-trip fares to rise 1.8 percent to an average of $780. That’s the global average, though; the comprehensive CWT/GBTA report also drills down geographically and by price category. For instance, average economy-class tickets in the North America region are lower than global average fares, but still forecasted to rise: 2019: $442 2020: $391 2021: $338 2022: $523 2023: $532 2024: $545 The price of hotel rooms will also continue to climb, and at a somewhat faster rate than airfares. The CWT/GBTA report sees a 4.3 percent year-over-year increase in the global average daily rate to $168 this year, followed by a 3.6 percent increase in 2024 to $174. Drilling down on just the upscale hotel sector in North America, ADR is expected to come in at $239 for 2023 and rise 3.3 percent to $247 next year. But those average rates are not the same as average group rates. 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. “Many [host organizations] have not fully adjusted their mindset budget-wise, as many buyers still anticipate a return to 2019 pricing. The whole travel supply chain, which feeds into meetings and events, has raised prices significantly. Availability is also constricted, which affects pricing. Right now, buyers cannot have preconceived ideas about how far their budget will go.” The full 2024 Global Business Travel Forecast is available here. The Continuing Need to Travel While the cost of business travel and business meetings continues to rise, corporate travel spending is expected to follow a similar curve, according to a separate survey from GBTA. The 2023 Business Travel Index Outlook, released August 14 at the GBTA Annual Conference, reports that global spending on business travel jumped 47 percent in 2022, finishing the year at $1.03 trillion. At this rate, travel spending is expected to rebound to its pre-pandemic total of $1.4 trillion in 2024. That’s impressive considering that just last year the BTI Outlook projected that business travel would hit pre-pandemic levels in mid-2026. The report notes that the most important factor driving global business travel’s recovery is the progress made fighting the Covid-19 pandemic. However, a major contributor to the accelerated timeline of the recovery is the stability in the global economy, where projected recessions have not materialized. Additionally, two factors that have stabilized the business-travel market over the last six months are the return of in-person meetings and events, and the recovery of some international business travel. TAGS: Corporate Meetings & Events Meeting Planning Toolbox 0 comments Hide comments Comment * Rich Text Editor, edit-comment-body-48551 Editor toolbars BoldKeyboard shortcut Ctrl+B ItalicKeyboard shortcut Ctrl+I Block Quote Press ALT 0 for help ◢Elements path Switch to plain text editor More information about text formats Text format CommentsPlain text COMMENTS * Allowed HTML tags: <em> <strong> <blockquote> <br> <p> PLAIN TEXT * No HTML tags allowed. * Web page addresses and e-mail addresses turn into links automatically. * Lines and paragraphs break automatically. PublishLog in or register to comment Save Leave this field blank RECOMMENDED FOR YOU Major Events Firm Pushes Hard on Sustainability Certification Sep 22, 2023 FCM M&E Announces Expansion, Promotes Global Leader Sep 22, 2023 To Meet or Not to Meet? Sep 15, 2023 Three Months for a New Passport? Jul 07, 2023 * Load More * Newsletters * About Us * Contact * Advertise * Ad Choices * Sitemap * CCPA: Do not sell my personal info * Privacy Policy * Terms of Service * Content Licensing/Reprints * Cookie Policy Follow us: © 2023 Informa USA, Inc., All rights reserved * Privacy Policy * Cookie Policy * Terms of Use ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789-_~ x