Egencia Sees Air Ticket Prices Rising Next Year In Key U.S. MarketsNovember 4, 2009
Egencia projects average ticket prices to annually increase in nearly all top North American business travel markets in 2010, with some cities even expected to experience double-digit percentage-point hikes, according to its 2010 Corporate Travel Forecast and Hotel Negotiability Index. The online travel management company expects negotiated North American airfares for the top North American business travel destinations to rise on average 5% to 10% from 2009 levels. It predicts the largest increases for Seattle at 10%, Philadelphia at 11%, Phoenix at 12%, and San Diego at 16%. EGENCIA attributed the expected price increases to a predicted rise in corporate travel demand, airline capacity reductions, carrier consolidation, and continued price inflation. Meanwhile, the travel management company's hotel negotiability index, which factors in local convention and other one-off event demand effects, forecasts for at least the first half of 2010 the continuation of strong buyer's markets across North America, except for Boston and Washington, D.C., which is benefiting from the new "administration bubble," said Egencia North America senior vice president Pam Keenan Fritz. Average daily hotel rates in the top North American business travel destinations are expected on average to be flat or drop by up to 5% from 2009 levels, according to Egencia. Driving the continuation of the buyer's market and subsequent average daily rate decline projections is reduced demand, new supply coming into the markets and rising air prices having an adverse effect on hotel pricing, Keenan Fritz said. In the U.S. car rental sector, the travel management company projects a 5% decrease in daily rates. Source: Business Travel News Request more info about this product/service/company Other Recent News
Q&A: Kansas City operator Diane Forgy takes the helm of the association as it celebrates its 25th anniversary this year. Leading the industry into recovery mode and ensuring legal use of wireless electronic devices in vehicles are top priorities.
MAKE YOUR VOICE HEARD: Print respondents are being asked to retake the survey online for better results.
Although affecting only a handful of operators, the halt of dark blue chauffeured models is another sign that the fabled DTS production is winding down as Cadillac prepares for a successor model in 2012.
Bill Faeth of Silver Oak Transportation officially sold his operation in Little Rock, Ark., to Argenta Transportation Specialists on Feb. 1.
Mobile phones are critical to modern business productivity. But when used while driving, mobile phones pose a serious danger to employees and an expensive liability to companies.
blog comments powered by Disqus |
Site Search
Sponsored by
An LCT industry blog of updates and comments.
Check out what’s unique, offbeat, or just plain quirky.
Wi-Fi Technology In Limos? WOW Photos from 2009 LCT Show!This industry loves having its pictures taken and looks as lively and glamorous as some of its A-list customers! Click here to see a colorful string of photos shot by LCT's talented art director Ron Rennells. Industry Association Links
National Limousine Association |