Corporate travel arm of Expedia says airfare ticket prices will rise about four percent next year; less so for hotel stays.
Egencia, an Expedia, Inc. company, unveiled its 2013 Global Corporate Travel Forecast for air fares and hotel rates. Egencia found, based on improving from 2012, albeit still sluggish market conditions going into 2013, Average Ticket Prices (ATPs) and hotel Average Daily Rates (ADRs) for top corporate travel destinations will be slightly up overall in Europe, North America, and Asia-Pacific.
Average Ticket Prices for airlines are expected to be slightly up (3%) in Europe, slightly up (5%) in North America, and slightly up (5%) in Asia-Pacific in 2013.
Average Daily Rates for hotels are expected to be slightly up (2%) in Europe, slightly up (3%) in North America, and slightly up or flat (1%) in Asia-Pacific.
“The global economy is volatile, and we’ve seen some deterioration in CEO sentiment in recent months. But suppliers have carefully managed capacity this year so we expect, even with moderating demand, some slight pricing increases in most regions,” said Rob Greyber, President, Egencia. “Even with the potential for higher costs, we believe there are a number of opportunities to save and we are working closely with clients to ensure they achieve their goals.“
2013 Global Corporate Travel Forecast and Hotel Negotiability Index
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