Business travelers set to see air fares rise by 8.4%, hotel rates by 8.2%, and car rental charges by 6.8% in 2023
...ngs is back with a vengeance, of that there is absolutely no doubt," said Patrick Andersen , CWT's Chief Executive Officer . "Labor shortages across the travel and hospitality industry, rising raw...s, such as current and expected GDP growth, the consumer price index, unemployment rates and crude oil prices, were used in the statistical model, as well as key supply-side drivers sourced from OAG a...