What Political Unrest Means for Global Biz Travel in the Coming Year

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While contentious social and political issues unfold, many companies go into wait-and-see mode, holding back on travel spending until a resolution emerges. The lack of demand often affects pricing.

In the coming year, travel pricing is set to slow globally, even as the overall economy remains healthy, according to data released by the Global Business Travel Association(GBTA) and travel management company CWT. Europe, in particular, could see a slowdown due to tensions surrounding Brexit, as well as labor unrest, climate change protests, and regional terrorism.