1、December 2024REPORTTRAVELMARKETREPORT2025 Outlook2025 OutlookProduced by Research&IntelligenceMike EggletonDirector,Research&IntelligenceNatalia TretyakevichSenior Manager,Research&IntelligenceMelina SibajaTravel Insights AnalystThe Research&Intelligence teamTravel Market Report 2025 Outlook Welcome

2、 to the latest edition of the Travel Market Report,brought to you by BCD Travels Research&Intelligence team.This quarters Travel Market Report is dedicated entirely to presenting an outlook for 2025.It includes the following content:A review of the prospects for the world economy in 2025,including t

3、he themes defining the economic landscapeA focus on some of the key risks travel managers and travelers may have to deal with in 2025An update on the state of air travel,an exploration of yields and what this could mean for corporate deals,the latest on airline distribution,and our global airfare fo

4、recasts for 2025The outlook for hotel room rates in 2025,starting with a global overview and followed by the numbers for key markets in Africa and the Middle East,Asia Pacific,Europe,Latin America and North AmericaOur views on car rental,including the factors driving rates in 2025An outline of eight

5、 sustainable travel trends to watch out for in 2025,followed by a more detailed look at sustainability reporting and sustainable aviation fuel.2.02.12.22.32.42.52.62.72.82.9JanFebMarAprMayJunJulAugSeptOctNovGDP growth%Date of forecast20242025The global economy has so far delivered upside surprises d

6、uring 2024,prompting Oxford Economics to upgrade its expectations for annual economic growth from 2.3%at the start of the year to 2.7%in its latest forecast.Aligning itself with the general consensus,Oxford Economics believes global growth will be little different in 2025,averaging 2.85%.While the U