Higher Demand Driving Up Biz Travel Prices

October 27 2010 by Chris McGinnis
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iStock_000013528423XSmall.jpgEvery year at about this time, American Express releases its annual Business Travel Forecast for the coming year.

For 2011, it appears as though road warriors can expect more of what they experienced this year: rising prices.

Airlines have been slow to buy new aircraft or to pull many of them out of their desert parking lots, while the pipeline for new hotels has shrunk considerably. At the same time, demand for both air travel and hotels has increased rapidly, leading to higher prices.

In North America, coach class airfares should increase two to six percent. Mid-range hotel room rates should increase one to five percent and upscale hotels will rise two to six percent. In Asia, both airfare and hotel rates are expected to increase the most--up to 10 percent in many cases.

Car rental prices, on the other hand, are expected to remain flat or decrease due to increasing competition and excess inventory. However, AMEX warns that higher cancellation penalties and new taxes and fees could drive actual per-trip prices higher.

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    1 Comments

    By Tina Marie Brown on October 30, 2010 10:00 AM

    please tell me Tina the Address Of the Jefferson Parish Louisiana Police Dept. please complete with area code too 0kay?


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