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Air, Hotel and Car rental rates set to rise in 2007

6 February 2007

Continuing demand for corporate travel without a commensurate lift in supply will push costs higher across the board in 2007, according to the American Express Global Business Travel Forecast. Air fares worldwide are expected to increase – though at a slower pace than in 2006 –while hotels rates will remain at heightened 2006 levels and surge in key business centers.

“‘Keeping executives on the road while holding budgets in check will be a challenge for organizations in 2007,’” said Mike Streit, Vice President and Global Leader for American Express Business Travel, Advisory Services. “‘For instance, as compared to 2006, the Forecast indicates an average domestic North America trip inclusive of air fare, car rental and hotel stay will increase $46 USD or 4.5 percent in 2007, and an average international trip with its air fare and hotel stay will increase $180 USD or 4.6 percent.’”


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