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Article Excerpt
With rising prices in air, hotel and car rental spending forecasted for 2007, the cost of a domestic trip that includes all three components will increase approximately $46, or 4.5 percent, while a trip taken internationally will increase $180, or 4.6 percent, from 2006, American Express Business Travel said in its industry forecast for 2007, released late last month. Meanwhile, the travel and card services company saw a third-quarter earnings rise, showing a gain of more than two million cardholders, double-digit percentage T&E spending growth and continued business travel restructuring. Overall, the quarter yielded an 11 percent income hike from continuing operations over the previous year.
In analyzing the forecast data compiled from statistics, supplier markets, economic trends and interviews...
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