Global - 2010 Forecast
Region Airfares Hotel Rates
Domestic/Short-Haul
(Economy Class)
International/ Long-Haul
(Business Class)
Mid-Range Upper-Range
North America 2% to 7% 1% to 6% (-4%) to (-1%) (-6)% to (-3%)
Europe 0% to 2% 5% to 7% (-2%) to 2.5% (-2.5%) to 2%
Latin America (-3)% to 2% (-1)% to 2% (-2)% to 2% (-6)% to 0%
Asia-Pacific 3% to 8% 1% to 6% 1% to 6% 1% to 6%
Global 0% to 5% 1% to 6% (-3%) to 2% (-4%) to 1%
"Considering airfare, hotel, and ground transportation, we expect the average domestic business trip to increase 1.2 percent, or $13 USD, to a total of approximately $1,080 USD," continued Sedky. "An increase of 2.4 percent, or approximately $67 USD, is expected for international business trips to bring the average cost to $2,818. However, as unbundled and ancillary fees continue to add to the cost of trips, businesses should expect to add up to an estimated 15% to the total trip cost for air, hotel, and ground transport elements alone."
source | http://ehotelier.com/hospitality-news/item.php?id=P17239
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