Report: Hotel rates are inching up, but airfares are making bigger strides
Skift Take
Airline consolidation in North America is making carriers even tougher to deal with for corporate travel managers and their meandering business travelers.
Hotel rates are going up in top business markets in 2013, but airfares are expect to rise at an even faster clip.
That's the word from Egencia, Expedia Inc.'s corporate travel arm, in its recently released Global Corporate Travel Forecast for 2013. Egencia projects that average airfares in major business travel markets in 2013 will rise 5% in North America, 3% in Europe, and 5% in Asia-Pacific.
Egencia notes airfares next year will be "slightly up," but these increases in airline ticket prices in 2013 would be substantial when measured against more modest projections for increases in hotels' average daily rates in cities that attract lots of business trav
