Regional economic climates to drive air, hotel and ground transportation price changes in 2015

Regional economic climates to drive air, hotel and ground transportation price changes in 2015
NEW YORK, NY – The American Express Global Business Travel Forecast 2015, predicts air, hotel and ground transportation prices to be neutral to slightly higher across all regions in 2015. At a country-by-country level, airline consolidations, stricter corporate travel policies and limited hotel supply are changing supply and demand dynamics and are also expected to impact pricing next year. In North America, an improving economy in the United States will likely cause price increases across all categories. Despite static economic progress across Europe, the United Kingdom is a brightspot for the region, with strong country-level financials and expectations for continued growth next year. Following years of positive growth predictions for Asia Pacific, the region is expected to experience more moderate price increases next year, as China stabilizes. In particular, this will be reflected in tempered hotel rate increases for the year. American Express Global Business Travel’s (“GBT”) annual Forecast provides subscribers with over two thousand pricing predictions across airfares, hotel rates, and car rental rates in the Americas; Europe, Middle East and Africa (EMEA); and Asia Pacific (APAC), as well as related travel management program recommendations.

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