Fuel Shock Keeps Business Travel Prices Elevated Through 2026 With Relief Ahead in 2027, According…

GBTA and ALTOUR released the 2027 Global Business Travel Forecast, indicating that business travel prices will remain elevated through 2026 due to higher energy prices, rising labor costs, and resilient demand, before moderating in 2027. Global average airfare is forecast to reach $756, up 4.7%; hotel ADR is expected to increase 3.7% to $168; car rental rates are forecast to increase 3.6% to $46.50 per day.