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Amex predicts higher corp. travel costs worldwide.

Publication: Business Travel News
Publication Date: 25-OCT-04 		Format: Online - approximately 824 words
Delivery: Immediate Online Access

Article Excerpt
Citing a "continued steady revival" of global business travel, American Express in its 2005 global travel forecast predicted price hikes of a few percentage points for airline and hotel purchases around the world. Varying by region, travel costs for corporations are forecast to move higher, impacted by recovering travel demand, generally improving economic conditions, high fuel costs, recovering transoceanic traffic and dynamic hotel pricing.

On a global level, American Express anticipates marginal increases for economy/short-haul fares and price hikes as much as 5 percent for international business class purchases. "In 2005, rates offered by airlines won't be in the best interest of companies," said Matthew Davis, Amex director of global consulting. "The discounts will be lower."

Amex forecasts a 1 percent to...

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