Business travel prices to rise in 2012 - AMEX
American Express released (25-Oct-2011) its annual American Express Global Business Travel Global Foreacast for 2012 which includes air pricing predictions globally by type of flight and class of service. Details include:
- Airfare projections:
- North America:
- Short haul (Economy): 2% to 5%;
- Long haul (Economy): 0.5% to 3.5%;
- Short haul (Business): 5% to 7%;
- Long haul (Business): 3% to 5%;
- Europe, Middle East and Africa:
- Short haul (Economy): 0% to 4%;
- Long haul (Economy): 2.5% to 5%;
- Short haul (Business): 1% to 4%;
- Long haul (Business): 3% to 7%;
- Latin America:
- Short haul (Economy): 4% to 6%;
- Long haul (Economy): 3% to 5%;
- Short haul (Business): 6% to 9%;
- Long haul (Business): 5% to 8%;
- Asia Pacific:
- Short haul (Economy): 1% to 5%;
- Long haul (Economy): 5% to 9%;
- Short haul (Business): 2% to 6%;
- Long haul (Business): 6% to 10%. [more - original PR]
AMEX: "The travel industry remains a complex and ever-changing marketplace as it seeks to regain both pre-recession pricing and profitability levels in the face of economic anxiety. As business travel is both an essential part of global economic performance as well as an enabler of business growth, we expect the combination of demand and effective travel supplier yield management to likely push rates business travellers pay up across the board in 2012," director of EXPERT INSIGHTS research, American Express Global Business Travel, Christa Degnan Manning. Source: Company statement.