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Amex, NBTA forecast substantial travel cost growth.

Publication: Business Travel News
Publication Date: 31-OCT-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Companies next year will spend more on corporate travel as rates offered by all types of suppliers--coupled with the overall number of business trips--are expected to grow both domestically and internationally, according to separate forecasts released this month by the National Business Travel Association and American Express.

American Express' business travel forecast, released last week, predicted 3 percent to 6 percent growth for domestic, short-haul economy-class fares on a global basis, while international and long-haul business-class fares are expected to jump between 3 percent and 5 percent globally. Worldwide mid-price hotel rates will increase by 1 percent to 3 percent, as full-service properties will increase between 3 percent and...

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