Ignore the noise.Market is down today. Business travel is just beginning to build up due to lower travel prices. Watch all travel stocks zoom. HLO has 20% in CTD plus its own baby boomer leisure travel.

Flight Centre’s FCM says cheaper airfares will fuel demand for business travel

Flight Centre expects business travel to remain bullish for the rest of the year. Picture: South Australian Tourism Commission

• By MATT BELL

  BUSINESS REPORTER
• 6:09PM APRIL 1, 2024
• 2 COMMENTS

Cheaper airfares driven by airlines adding more capacity to and from Australia are set to see many businesses step up corporate travel, despite the nation’s economy being suppressed by inflation and interest rate rises.

Flight Centre’s corporate division, FCM Travel, which counts Optus, Wesfarmers and Toyota as clients, expected to see an increase in bookings in the coming year with New Zealand accounting for much of the international demand as a change of government fuels public sector spend.

Flight Centre Global Corporate chief operating officer Melissa Elf told The Australian that major corporate clients were looking to double down on business travel with many looking to use the savings by cheaper airfares to either maintain existing travel arrangements, or in many cases expand the number of trips taken.