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With flights to key corporate destinations mostly full and hotel rates stubbornly high, corporate travel and procurement leaders are faced with a uniquely challenging environment as negotiations with suppliers for 2024 business travel volume start this quarter.
Challenges and Barriers Impacting the Industry This Year Respondents say the top barriers that affected their business travel in 2023 have included corporate budgets keeping up with price increases (69 percent), inflation/recession concerns (63 percent), and geo-political events (44 percent). This has not changed from a year ago.
What is hotelmanagement, you might ask? The hotel industry is broad and complex, with many stakeholders involved. Did you, for example, know hotels are not just managed by one party but typically have many different players involved in operating the hotel? And that’s a really good question.
What is hotelmanagement, you might ask? The hotel industry is broad and complex, with many stakeholders involved. Did you, for example, know hotels are not just managed by one party but typically have many different players involved in operating the hotel? And that’s a really good question.
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