financebusinesstravelexecutive.com·1 min·For: Owner, GM, Revenue, Investor
GBTA: Business Travel Prices to Stay High Until 2027
Global business travel prices will remain elevated through 2026 due to high labor and energy costs, with rate growth expected to moderate in 2027. Despite a record hotel construction pipeline slowing ADR growth, overall costs are unlikely to drop to pre-inflation levels.
Key Takeaways
- 1Global hotel ADR is projected to rise 3.7% in 2026 to $168, moderating to a 1.8% increase in 2027.
- 2Average global airfares will jump 4.7% in 2026 before flattening to a 1.5% increase in 2027.
- 3Labor inflation, workforce shortages, and supply constraints are driving elevated long-term pricing.
Source: businesstravelexecutive.com