generalasianhospitality.com··1 min·For: Revenue, GM, Owner
FCM Report: 42% of Corporate Guests Book Off-Policy
An FCM Consulting report reveals that 42 percent of business travelers in the Americas book outside approved corporate channels, impacting negotiated hotel rates. Rising airfares and frequent disruptions continue to pressure managed travel budgets.
Key Takeaways
- 142% of business travelers in the Americas book outside corporate booking tools
- 2Global hotel rates averaged $216 in Q3, up 0.9% year-over-year despite a quarterly drop
- 3Hotels offer contracted rates with last-room availability 60% to 85% of the time
Source: asianhospitality.com
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