1、Quarterly Trend ReportGlobal Q2-2024Authors:FCM Consulting Global TeamFelicity BurkeAshley GutermuthJuan Antonio Iglesias About the ReportThis FCM Consulting quarterly trend report draws on global data sourced from FCM Travel and Flight Centre Travel Group corporate booking data for travel from Apri

2、l to June 2024(Q2-2024).The report uses Cirium aviation schedule data as at 19 August 2024.Airfare pricing variations exclude all taxes.The hotel Average Room Rate(ARR)quoted is the average booked rate using FCM Travel and Flight Centre Travel Group corporate booking data.Variations in rates booked

3、are a reflection of seasonality,supply and demand,booking lead times and variations in exchange rates.STR hotel content quoted as at 12 August 2024.Unless otherwise stated all fares and rates are reported in US dollars.GLOBAL ECONOMYEconomic uncertainty remains,placing the H2-2024 travel cost foreca

4、st on hold.AIRLINES STRONGPassenger demand is strong.Economy fares rose$65 year as at May 2024.CORPORATENeed to KnowIn Q2-2024,business travel continued incremental growth,and its this sector that is forecast for moderated growth for the remainder of 2024.Global hotel occupancy climbed to nearly 70%

5、by the end of H1-2024,and air travel demand grew steadily throughout the same period.As the northern hemisphere summer emerges,we forecast travel demand to grow steadily through the next quarter.Geopolitical unrest and economic conditions will continue to impact travel industry forecasts through the

6、 rest of 2024.This Q2-2024 report represents six months of positive travel industry momentum,which is somewhat difficult to forecast for H2-2024.HOTEL OCCUPANCYThe Middle East and APAC regions are strong with 69%occupancy.CAR RENTALThe global H1-2024 average daily rate was$54,fallingback to 2019 lev