On the heels of Tuesday's news that more meetings are being booked already this year, a study from American Express Business Travel found that we will likely see an increased demand for meetings in 2010. As such, rates are likely to increase slightly in most travel categories.
"Considering airfare, hotel, and ground transportation, we expect the average domestic business trip to increase 1.2 percent, or $13, to a total of approximately $1,080," said Herve Sedky, vice president and general manager, American Express Business Travel. "An increase of 2.4 percent, or approximately $67, is expected for international business trips to bring the average cost to $2,818."
At the same time, the Global Business Travel Forecast predicts that companies will have more formal oversight of their meetings next year. Companies are expected to loosen purse-strings on events and conferences, with potential in-roads made by travel category managers adopting strategic meetings management programs.
What do you think? Is your organization preparing to host or attend more meetings next year?
"Considering airfare, hotel, and ground transportation, we expect the average domestic business trip to increase 1.2 percent, or $13, to a total of approximately $1,080," said Herve Sedky, vice president and general manager, American Express Business Travel. "An increase of 2.4 percent, or approximately $67, is expected for international business trips to bring the average cost to $2,818."
At the same time, the Global Business Travel Forecast predicts that companies will have more formal oversight of their meetings next year. Companies are expected to loosen purse-strings on events and conferences, with potential in-roads made by travel category managers adopting strategic meetings management programs.
What do you think? Is your organization preparing to host or attend more meetings next year?
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