A 2012 pricing forecast chart published last week included international/long-haul airfare American Express estimates for premium and economy class travel that inadvertently were transposed. The corrected chart appears
here.
There are more signs of a recovery in business and meetings travel, as a new NBTA Foundation survey of 170 North American Travel buyers found that corporate travel budgets grew an average 5.5 percent this year and will grow more than 4 percent in 2011 -- due to higher demand, rising prices and
more airline fees.
I read with much interest yesterday's release of something called the Hotel Negotiability Index by Egencia for 2010. Egencia, the travel management arm of Expedia, says its Index is an indicator of the overall supply landscape and other factors in top cities globally. The data indicates that, at least across North America, it'll continue to be a buyer's market up until at least the last two quarters of next year.
Every fall, Amex surveys the business travel and meetings scene and predicts where spending and pricing will go in the coming year -- usually in time to help travel and meetings managers who are creating and finalize budgets. And this year, there's some great news to be extracted from the firm's Global Business
Travel Forecast.
