American Express GBT unveiled the results of its Air Monitor 2023. In this annual report, which focuses on tariff developments TMC is betting that prices will rise across the board over the next twelve months. It's a gamble that can't really be described as daring in the current climate, but it does have the merit of highlighting the - significant - differences between the strategic areas of business travel. Starting with theEuropeAmex GBT has announced that it will be increasing the cost of its flights next year by 5.5 % in economy class and 6 % in the business cabin. Amex GBT explains this...
American Express GBT unveiled the results of its Air Monitor 2023. In this annual report, which focuses on tariff developments TMC is betting that prices will rise across the board over the next twelve months. It's a gamble that can't really be described as daring in the current climate, but it does have the merit of highlighting the - significant - differences between the strategic areas of business travel. Starting with theEuropeAmex GBT has announced that it will be increasing the cost of its flights next year by 5.5 % in economy class and 6 % in the business cabin. Amex GBT explains this increase by a Stronger demand than airline recovery. L'transatlantic axis will have less exposure, with TMC counting on " modest increases of 3.7 % ". The fierce competition on these routes, embodied in particular by thetwo new carriers set to arrive on theParis-New York axisThis more limited increase may be due in part to the fact that the number of flights on the European market has increased. The same phenomenon will apply to North American domestic flights, with equivalent results (+3.4 % in business class, +2.9 % in economy class), ". because new links will be introduced in 2023 "say the authors of the report.
Conversely business trips to Asia will be particularly hard hit. According to American Express GBT, from Europe, the increase could reach 7.6 % for business class flights and even 12 % for economy class. The Asia-North America will not escape the phenomenon. The increase could reach 5.6 % in business class and 9.8 % in economy class. " Some countries in the Asia-Pacific region have been slower to reopen after the covid-19 travel restrictions, and an increase in demand combined with a relatively strong economic outlook could put upward pressure on prices. "say the authors of the Air Monitor 2023 report.
" Volatile economic environment makes it difficult to plan travel teams "says Julie Avenel, Vice President, Global Business Consulting at Amex GBT. " We want to provide our clients with the information they need to put in place robust travel programmes. As consultants, we want to go beyond travel, and help our clients anticipate changes in our industry. That's why this report also looks at emerging trends such as sustainability and the future of work, and interviews travel professionals to find solutions. "adds Julie Avenel.
