CARLSON Wagonlit Travel’s (CWT) 2019 Global Travel Forecast report predicts the price of corporate travel will rise across Asia Pacific next year, with projections suggesting a 3.2% jump for air travel and 5.1% for hotel accommodation.
The report anticipates airline rates will increase for the majority of countries in the region, with Australia to see an approximate jump of 2.2% in air ticket prices, and New Zealand to feel most of the pinch by rising 7.5%, as well as an 11.8% increase for hotel accommodation.
Bucking the trend in the upward trend of accommodation pricing is Japan, which is anticipated to see a drop of 3.9% in hotel prices as it prepares to add capacity in the lead up to the 2020 Tokyo Olympics.
On the technology front, the report suggests that 85% of all corporate transactions will be done digitally by 2020, with sectors of the travel industry investing heavily in mobile apps to cater for the upswing.
Meanwhile, on-demand, shared, electric and connected cars are expected to become more popular in APAC business travel, with Australia to rise 2.4% in 2019, and NZ predicted to witness a 4% take-up.