‘Rising Business Class Fares Cause Concerns for Travel Managers,’ Says FCM Report

Artificial IntelligenceEtana Energy signs a R1.8 billion deal with GuarantCo and British International Investment to boost renewable energy in South AfricaAccording to new data from the FCM Consulting Q3 2024 Business Travel Report, travel managers are having difficult conversations about rising costs as business class fares rise and flights become more crowded.. “Yes, travel is getting more expensive, but it’s also becoming more predictable.

The companies winning at the travel game aren’t necessarily the ones with the biggest budgets—they’re the ones being clever about how they spend it, says Smith, highlighting the role of a TMC in cost and value optimisation. Smith advises companies to leverage their TMC’s expertise in several key areas.

“Your TMC’s AI tools can analyse your travel patterns and suggest cost-saving opportunities you might miss, like booking premium economy instead of business class on shorter routes where the price difference outweighs the benefits.” She also emphasises the power of consolidated buying. “A good TMC brings negotiating power you simply can’t match on your own. We’re booking thousands of room nights and flights, which means better rates and more flexible terms for our clients.” Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.

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