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NBTA says business travel to rise in 2002

Following the release of its 2002 Business Travel Cost Forecast , the US National Business Travel Association, (NBTA<.>) predicts that business travel costs will rise by some only three percent in the coming year…

Following the release of its 2002 Business Travel Cost Forecast , the US National Business Travel Association, (NBTA<.>) predicts that business travel costs will rise by some only three percent in the coming year. The organization that provides a concise look into future business travel costs across several key markets also maintains that in 2002 hotel rates will be hiked by at least three pecent as well, while corporate car rental rates will go up by as much as five percent.



This inability, according to NBTA, to reduce capacity to meet demand, is apprently going to have a significant impact on pricing. In fact NBTA claims that if airline demand remains stagnant, then car rental firms are either going to attempt to pump up their rates or create additional service charges.



Established in 1968, NBTA forecasts that business meal costs will cost travelers at least three percent more in the coming year, however, it notes that service providers will thus be obliged to create marketing and service solutions to attract business travelers.



NBTA, which represents over 2,400 corporate travel managers and travel service providers, says that the unfortunate circumstances of September 11th in the US added greatly to the slowing in air traffic, as well as demand, and currently hotel occupency rates are at historical low levels.

Theodore Koumelis
Co-Founder & Managing Director - Travel Media Applications | Website

Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.

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