Corporate travel buyers sense an improving economy and a healthier travel industry, leading to higher airfares, hotel rates and car rental prices, and more challenging supplier negotiations amid growing demand. Drawn from survey responses of 170 direct National Business Travel Association members collected last month by the NBTA Foundation, these and other findings add to mounting evidence of a general corporate travel recovery.
Stemming from a combination of larger travel volumes and rising fares and rates, survey respondents--all from North America, representing a cross-industry sample--anticipated that total 2010 travel spending at their organizations would be up from last year by an average of 5.5 percent, according to the NBTA Foundation. For 2011, buyers on average projected an average 4.45 percent year-over-year increase.
Read the full story at http://www.management.travel/news.php?cid=2011-price-negotiations.Oct-10.06