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GBTA Research
Fuel Shock Keeps Business Travel Prices Elevated Through 2026 With Relief Ahead in 2027, According to New GBTA Forecast
Following a year marked by unprecedented energy-market disruption and rising operational costs, global business travel prices are expected to remain elevated through the remainder of 2026 before beginning to moderate in 2027, with variations expected across regions.
Pricing pressures are expected to ease gradually next year, but travel costs are unlikely to return to prior levels, as many of the forces driving higher prices have become long-term features of the industry rather than short-term disruptions.
This is according to the new 2027 Global Business Travel Forecast, released today by GBTA and ALTOUR. The report examines the economic forces reshaping the cost of business travel globally, including energy prices, labor costs, aircraft supply constraints, currency fluctuations and other factors.
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On average, global airfare is forecast to reach $756, up 4.7% and economy fares are projected to rise 8.7% to $536.
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Global hotel average daily rates are expected to increase 3.7% to $168, followed by a 1.8% increase in 2027 to $171.
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Average car rental rates are forecast to increase 3.6% in 2026 to $46.50 per day before dropping 0.9% in 2027 to $46.10.
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Cost per attendee per day is forecast to increase approximately 3.0% to $263 in 2026 and 1.5% to $267 in 2027.
Read today’s full announcement and access the report.
Attending Convention and want to learn more? Don’t miss the “Travel Pricing Outlook” ed session, Tuesday, August 4, 10:15 AM - 11:00 AM, room S406a.
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