Global Biz Travel Needs to Brace for a Slower 2020
Photo Credit: March from Trafalgar Square to Parliament to protest the result of the referendum on membership in the European Union. Flickr / Sam Greenhalgh
Skift Take
Travel prices are starting to lag as political tensions put a damper on travel and corporate bookings go down.
The current Brexit deadline is set for Oct. 31, and it may finally provide some sort of resolution to a debate that's been up in the air for over three years. Of course the uncertainty isn't going to end just because a final decision has been made. The UK may be undergoing a massive adjustment, and no one's quite sure what exactly the future will look like.
Meanwhile, there is the ongoing trade war between the U.S. and China, which is having major global ramifications. With everything that's going on, it's no wonder companies are becoming more cautious when it comes to corporate travel. People are looking for a sense of stability before making commitments, meaning 2020 may be a slow year in the busin
