from American Express (4/15):
INTERNATIONAL AIRFARE SURGED AS DOMESTIC AIRFARE LEVELED OFF IN 2007 ACCORDING TO AMERICAN EXPRESS BUSINESS TRAVEL
Hotel Supply Constraints Drove High Costs As Competition for Business Travelers Propelled Product Improvements; American Express Announced New Consulting Focus Aimed at Managing Traveler Behavior
"NEW YORK, April 15, 2008 -- American Express Business Travel today released analysis of North America based domestic and international air, hotel and car rental rates for the full year 2007. Using data from its Business Travel Monitor, the industry's pricing benchmark, international rates experienced price increases across the board while domestic airfare and hotel rates remained stable.
"Tight global supply and another year of high fuel costs drove continued price growth for international business travel in 2007 even as domestic prices flattened," said Hervé Sedky, Vice President and General Manager, Global Advisory Services, American Express Business Travel. "Companies can achieve savings in this environment through a well managed, dynamic travel and entertainment program allowing the flexibility to adjust their travel policies in real-time accordance with fast-moving industry changes. To help lock in savings, it's also essential for companies to clearly communicate policy changes to travelers in order to influence their spending behavior while on the road." ....
for the complete story with tables on ADR and flight expenses by type and year
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