CWT Solutions Group, the consulting arm of CWT, the B2B4E travel management platform, is expanding its travel services outsourcing offering, following the positive reception from its first 26 clients across a variety of industries.
CWT Solutions Group, the consulting arm of CWT, the B2B4E travel management platform, forecasts global average ticket prices (ATP) for air bookings will drop to around US$673 by April, down just over 4% from February levels, as published fares correct from the sharp increase seen in the first two months of the year.
CWT Solutions Group, CWT’s consulting division, has built an advanced data model that sifts through large historic travel data sets, as well as public data on commodity prices, macro-economic indicators, weather, and holidays. Those data are analyzed to identify patterns and correlations, generating robust predictions for a company’s future spend.
According to research commissioned by CWT, the global travel management company, four in ten business travelers admit to using corporate cards for personal purchases – 46% of American and European travelers, and 38% of travelers in Asia Pacific.
After posting sharp rises in 2019, prices in the global travel industry are likely to slow in 2020, with flights rising a modest 1.2%, hotels rising only 1.3%, and rental car rates up 1%, according to the sixth annual Global Travel Forecast, published today by CWT and GBTA.
The power of being able to predict traveler preferences and forecast prices have a much greater impact on what you do with that (fore)knowledge.
Air, hotel and ground predictions for 2020 come with global uncertainties. Between the climate crisis, Brexit and trading disputes, the outlook is foggy to say the least. But challenges, they say, aren’t stop signs. They are guidelines. Here are three Cs to consider when managing travel in 2020.
Whether you favor older wisdom like the Serenity Prayer or a daily dose of Instagram inspiration, some version of “control the controllable" offers solace in strange times. Humans aren’t built for extreme uncertainty and there’s a lot of it around between climate change, trade wars, Brexit upheaval and rising oil prices.
Corporate travel programs are increasingly ditching the annual hotel sourcing ritual in favor of longer-term commitments. Why? Multi-year contracts mean less time spent sourcing, and more time optimizing and building strategic relationships with suppliers.
At ACTE’s 2018 Montréal Global Summit & Corporate Lodging Forum, the content is geared towards the travel manager at any level and will focus on both current challenges and near future trends. The summit will help identify any possible road blocks in a travel manager's path and the solutions to propel them forward. You can view the agenda here.Mark Rehborg, US business development manager, ...
Accelerate Performance in the Age of Disruptionhttps://www.theinnovationenterprise.com/summits/cfo-singapore-2018/overviewThe unstable and fast-changing economic environment might make the role of CFO more challenging. The summit will provide a platform for CFOs to discuss how to be well prepared for the challenges ahead.Topics include: Macroeconomic outlook Looking beyond the usual finance fun...
