Categorized | Etcetera

AMEX EXPECTS RISE IN MEETINGS HELD IN 2010…

Posted on 03 October 2009

Following weakened demand this year, American Express Business Travel expects pent up need for travel and meetings to be unleashed in 2010. This increased demand will likely cause rates to slightly increase in most travel categories by the end of 2010, according to the American Express Global Business Travel Forecast, released Wednesday. The forecast also reports companies will have more formal oversight of their meeting planning and meetings spending in 2010. In addition, companies are expected to loosen purse strings on events and conferences, with potential in-roads by travel category managers adopting strategic meeting management programs.

 

Overall  business travel growth is predicted to be up 1% for the U.S. and 14% for Canada in 2010. Hotel rates are expected to remain on the decline in North America as a whole as hoteliers fight to attract both business and consumer travelers back. Car rental rates will likely increase slightly as the cost of vehicles is expected to rise following decreases in capacity in 2009. 

Source: Orlando Sentinel

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