Home | Business News | Browse by Publication | B | Business Travel News

Buyers expect room rates to rise as hoteliers push dynamic pricing.

Publication: Business Travel News
Publication Date: 11-SEP-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Increasing hotel room rates and the specter of dynamic pricing will force corporate travel managers to yet again up their hotel budgets for 2007. For some companies, hotel spend has begun to challenge air as the largest cost component of corporate travel programs.

Corporate travel buyers generally are less than enthusiastic about the prospect of another year of rate hikes. With the execution of requests for proposals well underway, however, they soon will have concrete evidence that they'll need to increase travel budgets to meet mounting hotel costs. "We've felt rate increases over the last five years," said Brenda Miller, purchasing manager of travel services for food and beverage company Nestle. "The hotels are sitting in a position where they can dictate prices, and it's...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Business Travel News
Co. distills new strategy., September 11, 2006
Coping with the new distribution math: GDS to limit agency damages; Sa..., September 11, 2006
Air passenger security uncertainties continue five years after 9/11., September 11, 2006
TSA reassessing secure flight., September 11, 2006
HRG expands, goes public., September 11, 2006

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.